FLNT.NASDAQFluent, INC

10-Q/A: Fluent Inc. Amends Quarterly Report to Include Omitted Credit Agreement Exhibit

Sentiment:

Quarterly Report Amendment


Fluent Inc. files an amendment to its June 30, 2024 quarterly report to include an omitted exhibit related to a credit agreement and correct minor errors.

Capital raiseThe document references a Second Amendment Capital Raise, which is a condition for the effectiveness of the Second Amendment to the Credit Agreement.The Second Amendment Capital Raise includes investments in cash for Capital Stock and/or the incurrence of Second Amendment Subordinated Indebtedness.

Summary

  • Fluent Inc. has filed an amendment to its quarterly report for the period ending June 30, 2024.
  • The amendment includes Exhibit 10.8, the Second Amendment to Credit Agreement, which was previously omitted.
  • The filing also corrects the name of Exhibit 10.10 and clarifies that certain exhibits should have been marked with a symbol indicating omitted schedules.
  • This amendment is solely for exhibits and does not modify any other disclosures in the original report.
  • The company had 16,871,826 shares of common stock outstanding as of August 16, 2024.

Sentiment

Score: 7

Explanation: The document is a routine amendment to a quarterly report, indicating no significant positive or negative sentiment. The inclusion of the credit agreement amendment suggests ongoing financial activity, which is neutral from an investment perspective.

Industry Context

This is a routine filing to correct omissions and errors in a previous quarterly report, which is a common practice for public companies.

Stakeholder Impact

  • Shareholders are provided with a more complete and accurate quarterly report.
  • Creditors are provided with the full details of the Second Amendment to the Credit Agreement.

Key Dates

DateDescription
2024-04-02Date of the original Credit Agreement.
2024-05-15Date of the First Amendment to Credit Agreement.
2024-06-30End of the quarterly period for the report being amended.
2024-07-31Effective date of the Financial Covenant Amendments.
2024-08-14Date of the Second Letter Agreement to Credit Agreement.
2024-08-16Date of share count.
2024-08-19Date of the Second Amendment to Credit Agreement and original filing of the 10-Q.
2024-08-20Date of the amended filing.

Keywords

credit agreement, amendment, quarterly report, exhibits, financial filing, securities purchase agreement, fluent inc

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