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     161  0 Kommentare Fluent Announces Reverse Stock Split - Seite 2

    The reverse stock split will reduce the number of issued and outstanding shares of the Company’s common stock from approximately 81.6 million shares to approximately 13.6 million shares and will reduce the issued shares of common stock held by the Company in treasury stock from approximately 4.6 million shares to approximately 768 thousand shares.

    The number of shares available for issuance under the Company’s equity incentive plans and the number of shares issuable pursuant to each outstanding equity award immediately prior to the reverse stock split will be reduced proportionately at the same ratio as the reverse stock split, and the exercise price for each outstanding stock option will be increased in inverse proportion to the reverse stock split ratio.

    The combination of, and reduction in, the issued shares of common stock as a result of the reverse stock split will occur automatically at the effective time of the reverse stock split without any additional action on the part of the Company’s stockholders. The Company's transfer agent, Continental Stock Transfer & Trust Company (“Continental”), is acting as the exchange agent for the reverse stock split and will provide instructions to stockholders of record holding shares in certificated form regarding the process for exchanging their stock certificates. In addition, Continental will send stockholders of record holding their shares electronically in book-entry form a transaction statement indicating the number of shares of common stock such stockholders hold after the reverse stock split. Stockholders who hold their shares through a broker, bank, or other nominee will have their positions adjusted to reflect the reverse stock split, subject to their broker, bank, or other nominee’s particular processes, and will not be required to take any action in connection with the reverse stock split.

    Additional information regarding the reverse stock split can be found in the Company’s definitive proxy statement for the special meeting of stockholders of the Company held on March 18, 2024, which was filed with the U.S. Securities and Exchange Commission on February 12, 2024, a copy of which is available at www.sec.gov and on the Company's website.

    About Fluent, Inc.

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    Fluent, Inc. (NASDAQ: FLNT) is a leader in performance marketing, delivering customer acquisition solutions through our digital media portfolio, global commerce partnerships, and proprietary data and tech. We introduce brands to consumers through outcome-based programs across untapped channels, including our post-transaction ad solution and rewarded discovery platform. Since 2010, we have continued to innovate and iterate on the most effective strategies that connect our partners and brands with their most valuable customers, helping to drive lower-funnel engagements that exceed client expectations. For more information, please visit https://www.fluentco.com/.

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    Fluent Announces Reverse Stock Split - Seite 2 Shares Will Begin Trading on a Split-Adjusted Basis on April 12, 2024NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) - Fluent, Inc. (NASDAQ: FLNT), a leading data-driven performance marketing company, today announced that it will effect a 1-for-6 …