Fluent, Inc. Reports Material Definitive Agreement on Jan 26

TL;DR

**Fluent, Inc. just signed a big deal, watch for details on what it means for the stock.**

AI Summary

Fluent, Inc. filed an 8-K on January 26, 2024, to report an "Entry into a Material Definitive Agreement." This filing indicates that the company has entered into a significant contract or agreement, which could impact its future operations, revenue, or strategic direction. For investors, this matters because material agreements often signal changes in business strategy, potential new revenue streams, or significant operational shifts that could affect the stock's valuation.

Why It Matters

This filing signals a potentially significant business development for Fluent, Inc., as material agreements can lead to new partnerships, acquisitions, or divestitures that directly influence the company's financial health and stock performance.

Risk Assessment

Risk Level: medium — The filing indicates a material agreement but lacks specific details, creating uncertainty about its nature and potential impact, which could be positive or negative.

Analyst Insight

Investors should monitor Fluent, Inc.'s subsequent filings and press releases for specific details about the "Material Definitive Agreement" to assess its potential impact on the company's financials and future prospects before making investment decisions.

Key Players & Entities

• Fluent, Inc. (company) — registrant
• January 26, 2024 (date) — date of earliest event reported
• 001-37893 (other) — Commission File Number
• FLNT (other) — Trading Symbol
• Nasdaq (other) — exchange on which registered

Forward-Looking Statements

• Fluent, Inc. will provide more details about the material definitive agreement in a subsequent filing or press release. (Fluent, Inc.) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.0005 — ge on which registered Common Stock , $0.0005 par value per share   FLNT &
• $7,500,000 — maintain Domestic Unrestricted Cash of $7,500,000, (iv) retain an investment banker to de
• $10,000,000 — to the Credit Parties of not less than $10,000,000.   -2-     SIGNATUR

Filing Documents

• flnt20240126_8k.htm (8-K) — 30KB
• 0001437749-24-002301.txt ( ) — 158KB
• flnt-20240126.xsd (EX-101.SCH) — 3KB
• flnt-20240126_def.xml (EX-101.DEF) — 11KB
• flnt-20240126_lab.xml (EX-101.LAB) — 15KB
• flnt-20240126_pre.xml (EX-101.PRE) — 11KB
• flnt20240126_8k_htm.xml (XML) — 2KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement.   As previously reported, on November 15, 2023, Fluent, LLC (the " Borrower ") entered into a Temporary Waiver Under Credit Agreement (the " Initial Waiver ") with the lenders thereto and Citizens Bank, N.A. as administrative agent (" Citizens Bank ," and collectively with the lenders thereto, the " Lenders "), pursuant to which the Lenders agreed to waive their rights and remedies under the Credit Agreement arising from the Borrower's breach of a covenant through January 15, 2024 . On January 17, 2024, the parties entered into a Second Temporary Waiver Under Credit Agreement (the " Second Waiver "), extending the expiration date of the Initial Waiver to January 26, 2024, or the occurrence of any other Event of Default (as defined in the Credit Agreement). The Second Waiver did not otherwise substantively modify the Initial Waiver or the Credit Agreement.   On January 26, 2024, the parties entered into a Third Temporary Waiver and Amendment to Credit Agreement (the " Third Waiver and Amendment "), pursuant to which the Lenders agreed to waive their rights and remedies under the Credit Agreement arising from the Company's breach of certain covenants through the earliest of (1) the occurrence of any event of default, (2) April 30, 2024, or (3) the failure of the Borrower and credit parties (the " Credit Parties ") to comply with the requirements of the Third Waiver and Amendment.   The Third Waiver and Amendment modified the Credit Agreement by (1) amending the Applicable Margin to 3.0% for Alternate Base Rate Loans and 4.0% for SOFR Loans and (2) changing the Maturity Date to September 30, 2025. The Third Waiver and Amendment also requires the Borrower to: (i) comply with additional reporting requirements, (ii) continue to pay the reasonable costs of the financial advisor engaged in connection with the Fourth Amendment to Credit Agreement, (iii) maintain Domestic Unrestricted Cash o

SIGNATURES

SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       Fluent, Inc.           January 26, 2024 By:   /s/ Donald Patrick     Name:   Donald Patrick      Title:   Chief Executive Officer      -3-

View Full Filing

View this 8-K filing on SEC EDGAR