Fluent raises $10.3M in private placement with insider participation; issues shares and warrants

Fluent, Inc.

Gross proceeds ~$10.3M from sale of 5.87M shares/warrants at $1.75/unit; participation by officers and largest shareholder.
Common stock warrants exercisable at $2.21 per share from 6 months+1 day; pre-funded warrants at $0.0005.
Net proceeds will be used for working capital and general corporate purposes.
Benchmark acted as sole placement agent; Kestrel affiliate also purchased on same terms.
Company to file resale registration statement within 30 days; target effectiveness within 60 days (90 if full SEC review).

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