FLUENT completed the sale of its Pennsylvania operations to HIVE Holdings, effective December 31 for $12.5M in cash. The proceeds from the transaction were used to reduce FLUENT’s outstanding debt, which is expected to meaningfully enhance its balance sheet, allowing the company to further concentrate capital and operational resources on its core growth markets. The Company is at arms -length from HIVE Holdings and no finders’ fees are payable in connection with the sale.
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