Fluent, Inc. - FORM 8-K - July 13, 2018

Attached files

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EX-4.1 - FIRST AMENDMENT TO AMENDMENT TO WARRANTS AND AGREEMENT TO EXERCISE H.I.G. WITH W - Fluent, Inc.flnt_ex41.htm
EX-4.3 - FIRST AMENDMENT TO AMENDMENT TO WARRANTS AND AGREEMENT TO EXERCISE WITH WHITEHOR - Fluent, Inc.flnt_ex43.htm
EX-4.2 - FIRST AMENDMENT TO AMENDMENT TO WARRANTS AND AGREEMENT TO EXERCISE H.I.G. WHITEH - Fluent, Inc.flnt_ex42.htm
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM 8-K 
 
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported): July 9, 2018
 
 
FLUENT, INC.
(Exact name of registrant as specified in its charter)

 
 
 
 
 
 
Delaware
 
001-37893
 
77-0688094
(State or other jurisdiction
of incorporation)
 
 
(Commission
File Number)
 
 
(I.R.S. Employer
Identification No.)
 
 
33 Whitehall Street, 15th Floor New York, New York
 
10004
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: 646-669-7272
 
Not Applicable
Former name or former address, if changed since last report
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company  ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 
 
 
Item 1.01. Entry into a Material Definitive Agreement.
 
On July 9, 2018, Fluent, Inc. (the “Company”) entered into First Amendments (the "First Amendments”) to the Amendments to Warrants and Agreements to Exercise (“Amended Whitehorse Warrants”) with (i) H.I.G. Whitehorse SMA ABF, L.P. regarding 46,667 warrants to purchase common stock of the Company, par value $0.0005 per share, at an exercise price of $3.00 per share; (ii) H.I.G. Whitehorse SMA Holdings I, LLC regarding 66,666 warrants to purchase common stock of the Company at an exercise price of $3.00 per share; and (iii) Whitehorse Finance, Inc. regarding 186,667 warrants to purchase common stock of the Company at an exercise price of $3.00 per share. In November 2017, the Amended Whitehorse Warrants were exercised and the Company issued an aggregate of 300,000 shares of common stock of the Company (the “Warrant Shares”) to the warrant holders. Pursuant to the First Amendments, the parties agreed to reduce the price per share at which the warrant holders have the right, but not the obligation, to require the Company to purchase from the warrant holders the Warrant Shares (the “Put Right”) to $3.8334 per share, to modify the period during which the Put Right can be exercised to the period commencing January 1, 2019 and ending December 15, 2019, and to modify the minimum price that the warrant holders can transfer any of the Warrant Shares to no less than $3.8334 per share.
 
The description of the First Amendments does not purport to be complete and is qualified in its entirety by reference to the First Amendments which are filed as Exhibits 4.1, 4.2, and 4.3 to this Current Report on Form 8-K and incorporated herein by reference.
 
Item 9.01. Financial Statements and Exhibits.
 
Exhibit No.
 
Description
 
First Amendment to Amendment to Warrants and Agreement to Exercise with H.I.G. Whitehorse SMA ABF, L.P. dated July 9, 2018.
 
First Amendment to Amendment to Warrants and Agreement to Exercise with H.I.G. Whitehorse SMA Holdings I, LLC dated July 9, 2018.
 
First Amendment to Amendment to Warrants and Agreement to Exercise with Whitehorse Finance, Inc. dated July 9, 2018.
 
 
 
2
 
 
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.
 
 
 
 
 
July 13, 2018
 
 
 
By:
 
/s/ Ryan Schulke
 
 
 
 
 
 
Name:
 
Ryan Schulke
 
 
 
 
 
 
Title:
 
Chief Executive Officer
 
 
 
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