{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-036597","form_type":"8-K","ticker":"FLNT","cik":"0001460329","company_name":"Fluent, Inc.","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.450728+00:00","generated_at":"2026-05-16T15:40:48.545109+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Fluent enters $30M accounts receivable financing; repays SLR debt with $1M early termination fee","bullets":["Up to $30M advance based on eligible receivables; 36-month initial term, auto-renewing annually.","Advance rate 90% domestic, 85% foreign; foreign capped at 30% of total advances.","Finance fee Prime + 2% with floor: 9.00% yr1, 8.75% yr2, 8.50% yr3.","Facility fee 0.50% of max credit initially, 0.33% annually; collateral fee 0.25% monthly.","Repaid $1.0M early termination fee to exit prior SLR credit agreement; all liens released."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-036597","json":"https://secwatch.observer/filing/0001437749-25-036597.json","markdown":"https://secwatch.observer/filing/0001437749-25-036597.md","text":"https://secwatch.observer/filing/0001437749-25-036597.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1460329/000143774925036597/0001437749-25-036597-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1460329/000143774925036597/flnt20251114c_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:40:48.545109+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5ddc6ab420f43082ab3b7a6fa83c2e90cc7cedff","claim":"Fluent, Inc. incurred credit facility of up to $30 million with CSNK Working Capital Finance Corp. d/b/a Bay View Funding at finance charges based on a floating interest rate maturing initial term of 36 months.","evidence_excerpt":"(the “Company”) and Fluent, LLC, a wholly owned subsidiary of the Company (together with the Company, the \"Borrower\"), entered into an Accounts Receivable Finance Agreement (the \"Financing Agreement\") with CSNK Working Capital Finance Corp. d/b/a Bay View Funding (\"Bay View\"). Under the Financing Agreement, Bay View may extend financing to the Company based on eligible domestic and foreign accounts receivable, subject to a maximum aggregate advance amount of $30 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1460329/000143774925036597/0001437749-25-036597-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"up to $30 million"},{"label":"Counterparty","value":"CSNK Working Capital Finance Corp. d/b/a Bay View Funding"},{"label":"Rate","value":"finance charges based on a floating interest rate"},{"label":"Maturity","value":"initial term of 36 months"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}