SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, DC
20549
SCHEDULE
13G
INFORMATION TO
BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
Fluent,
Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
34380C102
(CUSIP Number)
December 31, 2022
(Date of Event Which Requires Filing of this
Statement)
Check the appropriate box to designate the
rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[_] Rule 13d-1(c)
[_] Rule 13d-1(d)
1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS (ENTITIES ONLY)
Tieton Capital
Management 20-2956186
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b)
[_]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Washington
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
5,082,448
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
5,082,448
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,082,448
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.4%
12. TYPE OF REPORTING PERSON
IA
Item 1(a). Name of
Issuer:
Fluent,
Inc.
Item 1(b). Address of Issuer's
Principal Executive Offices:
300 Vesey Street, 9th Floor
New York, NY 10282
Item 2(a). Name of Person
Filing:
Tieton
Capital Management
Item 2(b). Address of Principal
Business Office, or if None, Residence:
Tieton Capital Management
4700 Tieton Drive, Suite C
Yakima, WA 98908
Item 2(c).
Citizenship:
Tieton Capital
Management - Washington Limited Liability Company
Item 2(d). Title of Class of
Securities:
Common
Stock
Item 2(e). CUSIP
Number:
34380C102
Item 3. If This Statement is
Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange
Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [_] Investment company registered under Section 8 of the
Investment Company Act.
(e) [X] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment Company
Act;
(j) [_] Group, in
accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified
in Item 1.
(a) Amount beneficially owned:
Tieton Capital Management - 5,082,448 shares
(b) Percent of class:
Tieton
Capital Management - 6.4%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
Tieton
Capital Management - 0
(ii) Shared power to vote or to direct the vote
Tieton
Capital Management - 5,082,448
(iii) Sole power to dispose or to direct the disposition of
Tieton
Capital Management - 0
(iv) Shared power to dispose or to direct the disposition of
Tieton
Capital Management - 5,082,448
Item 5. Ownership of Five
Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities check the following [ ].
Item 6. Ownership of More Than
Five Percent on Behalf of Another Person.
Tieton Capital Management is a registered investment adviser
whose clients have the right to receive or the power to direct the
receipt of dividends from,
or the proceeds from the sale of, the shares.
Item 7. Identification and
classification of the subsidiary Which acquired the
Security being reported on by the parent holding company or control
person.
Not applicable
Item 8. Identification and
Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of
Group.
Not applicable
Item 10.
Certifications.
By signing below the Reporting Persons certify that, to the best
of their knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having such purpose or
effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
January 24, 2022
Tieton Capital
Management
By: /s/ William J. Dezellem, CFA
Name: William J. Dezellem, CFA
Title: Chief Investment Officer &
President
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