Fluent, Inc. announced that it has received $5.900001 million in funding
May 12, 2024
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Fluent, Inc. entered into securities purchase agreements with certain accredited investors, including Ryan Schulke for issuance of 1,743,499 pre-funded warrants at a price of $3.384 per pre-funded warrant for aggregate gross proceeds of $5,900,000.616 on May 13, 2024. The pre-funded warrants have an exercise price of $0.005 per share of common stock, will be immediately exercisable after stockholder approval of the private placement and will terminate when exercised in full. The exercise of the pre-funded warrants is subject to stockholder.
Fluent, Inc. is engaged in performance marketing, delivering customer acquisition solutions through its digital media portfolio, global commerce partnerships, and proprietary data and tech. The Company offers brands to consumers through outcome-based programs across untapped channels, including its post-transaction ad solution and reward discovery platform. The Company delivers data and performance-based customer acquisition services for over 500 consumer brands, direct marketers, and agencies across a range of industries, including media & entertainment, financial products & services, health & life sciences, retail & consumer, and staffing & recruitment. It operates a call center performance marketplace that provides live-call-based performance campaigns to help clients increase engagement. Through AdParlor, LLC (AdParlor), it conducts its non-core business which offers clients various social media strategies through the planning and buying of media on different platforms.