India, March 24 -- Fluent, Inc. (FLNT) Monday has issued unregistered pre-funded warrants to purchase up to 2,332,104 shares of its common stock at $2.174 per share in a private offering.
The exercisability of these warrants is subject to stockholder approval, which will be sought at the next annual meeting. Upon approval, the warrants can be exercised at $0.0005 per share until fully exercised. The private placement closed on March 20, 2025, following customary closing conditions.
The offering generated approximately $5 million in gross proceeds, which Fluent plans to use for general corporate purposes.
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Fluent CEO Don Patrick highlighted the strong sup...