Fluent plans to convert US$5.7 million in debt into equity
FLNT•Fluent agreed to convert approximately US$5.7 million of senior secured debt into 310,194,363 common shares at US$0.0182 per share, subject to Canadian Securities Exchange approval.
1. Debt conversion terms
The shares would represent 11.8% of Fluent’s outstanding common shares following settlement on a non-diluted basis. Closing is planned immediately before completion of the previously announced arrangement with Vireo Growth.
