Fluent (FLNT) said Monday that it will issue unregistered pre-funded warrants to buy up to 2.3 million of its common stock at $2.174 a share in a private offering.
The exercisability of the pre-funded warrants will require shareholders' approval, which Fluent will seek at its next annual meeting, and if approved, the pre-funded warrants may be exercised at any time at an exercise price of $0.0005 a share.
The company said the total net gross proceeds were $5 million, and it plans to use the funds for general corporate purposes.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.