FLUENT to Settle $5.7 Million of Debt

MT newswire2026/11/02 14:08

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10:08 AM EST, 11/02/2026 (MT Newswires) -- FLUENT (FNT-U.CN) entered into a credit conversion agreement with certain creditors to its existing senior secured credit agreement, dated Nov. 26, 2024, it said in a statement on Monday. The company plans to settle about $5.7 million of outstanding indebtedness owing under the credit agreement by offering 310.2-million common shares to the lenders at $0.0182 apiece, which is 11.8% of the issued and outstanding common shares on a non-diluted basis immediately following the debt settlement, it said. The company intends to close the debt settlement, which is subject to the approval of the Canadian Securities Exchange, immediately prior to the completion of its plan of arrangement with Vireo Growth, it added. The company's shares last traded Oct. 30, closing at $0.015 on the Canadian Securities Exchange.

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