09:04 AM EDT, 03/24/2025 (MT Newswires) -- 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.