Fluent, Inc. Announces $5.75 Million Registered Direct Offering and $2.75 Million Concurrent Private Offering

Quick Summary:

Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at The pre-funded warrants described above are being issued in a Concurrent Private Placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act”), and, along with the shares of common stock underlying such pre-funded warrants, have not been registered under the Securities Act, or applicable state securities laws.

The shares of common stock being offered in the Registered Direct Offering are being offered by Fluent pursuant to a "shelf” registration statement on Form S-3 (File No.333-281805) previously filed with the Securities and Exchange Commission (the "SEC”) on August 28, 2024 and declared effective by the SEC on September 9, 2024.

In addition, in a concurrent private placement, Fluent will issue unregistered pre-funded warrants to purchase up to 1,187,802 shares of its common stock at a purchase price of $2.3147 per unregistered pre-funded warrant (the "Concurrent Private Placement,” together with the Registered Direct Offering, the "Offerings”).

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Article Details

Author / Journalist: Fluent, Inc.

Category: Technology

Markets: ChinaUnited States

Topics: US34380C1027 Nasdaq:FLNT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 22:58:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 931 words

Reading Time: 6 minutes read

Sentences: 25 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 23957177

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