Fluent, Inc. shareholder JB Capital Partners, L.P. and Alan W. Weber report a passive ownership stake in the company’s common stock. They each report beneficial ownership of 2,169,483 shares, representing 7.2% of Fluent’s common stock, based on 30,287,597 shares outstanding as of November 12, 2025.
Both reporting persons have shared voting and dispositive power over these shares and no sole voting or dispositive power. They certify the holdings were not acquired to change or influence control of Fluent and disclaim being part of a group or owning each other’s reported securities beyond any pecuniary interest.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)
Fluent, Inc.
(Name of Issuer)
Common Stock, $0.0005 par value
(Title of Class of Securities)
34380C102
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
34380C102
1
Names of Reporting Persons
JB Capital Partners, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,169,483.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,169,483.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,169,483.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
34380C102
1
Names of Reporting Persons
Alan W. Weber
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,169,483.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,169,483.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,169,483.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.2 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Fluent, Inc.
(b)
Address of issuer's principal executive offices:
300 Vesey Street, 9th Floor, New York, NY 10282
Item 2.
(a)
Name of person filing:
This statement is filed by (collectively, the "Reporting Persons"):
(1) JB Capital Partners, L.P., a Delaware limited partnership; and
(2) Alan W. Weber, a United States citizen.
(b)
Address or principal business office or, if none, residence:
5 Evans Place, Armonk, New York 10504
(c)
Citizenship:
See Item 2(a)
(d)
Title of class of securities:
Common Stock, $0.0005 par value
(e)
CUSIP No.:
34380C102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
(i) JB Capital Partners, L.P. - 2,169,483 shares (1)
(ii) Alan W. Weber - 2,169,483 shares (1)
(b)
Percent of class:
(i) JB Capital Partners, L.P. - 7.2%*
(ii) Alan W. Weber - 7.2%*
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(i) JB Capital Partners, L.P. - 0 shares
(ii) Alan W. Weber - 0 shares
(ii) Shared power to vote or to direct the vote:
(i) JB Capital Partners, L.P. - 2,169,483 shares
(ii) Alan W. Weber - 2,169,483 shares
(iii) Sole power to dispose or to direct the disposition of:
(i) JB Capital Partners, L.P. - 0 shares
(ii) Alan W. Weber - 0 shares
(iv) Shared power to dispose or to direct the disposition of:
(i) JB Capital Partners, L.P. - 2,169,483 shares
(ii) Alan W. Weber - 2,169,483 shares
* Based on an aggregate of 30,287,597 shares of Common Stock, $0.0005 par value per share, outstanding as of November 12, 2025 as disclosed in the Issuer's Quarterly Report on Form 10Q, for the quarter ended September 30, 2025.
(1) Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein by the other Reporting Persons and any other person named herein except to the extent of any pecuniary interest therein. Each of the Reporting Persons disclaims membership in a "group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or Rule 13d-5(b)(1) under the Exchange Act with any other Reporting Person or other person.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Item 2 and Note (1) in Item 4.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Item 2 and Note (1) in Item 4.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my 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 that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
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.
What ownership stake in Fluent (FLNT) is reported in this Schedule 13G/A?
The filing reports that JB Capital Partners, L.P. and Alan W. Weber each beneficially own 2,169,483 shares of Fluent common stock, representing 7.2% of the outstanding shares, based on 30,287,597 shares reported outstanding as of November 12, 2025 in Fluent’s quarterly report.
Who are the reporting persons in the Fluent (FLNT) Schedule 13G/A?
The Schedule 13G/A is filed jointly by JB Capital Partners, L.P., a Delaware limited partnership, and Alan W. Weber, a United States citizen. The filing lists a principal business address at 5 Evans Place, Armonk, New York 10504, and identifies them collectively as the reporting persons.
What voting and dispositive powers over Fluent (FLNT) shares are disclosed?
The reporting persons disclose no sole voting or dispositive power over Fluent shares. Instead, JB Capital Partners, L.P. and Alan W. Weber each report shared voting power and shared dispositive power over 2,169,483 Fluent common shares, matching the full amount they each report as beneficially owned in the filing.
How was the 7.2% ownership in Fluent (FLNT) calculated in this filing?
The 7.2% ownership figure is calculated using an outstanding share count of 30,287,597 Fluent common shares. That total comes from Fluent’s Form 10-Q for the quarter ended September 30, 2025, which disclosed 30,287,597 shares outstanding as of November 12, 2025.
Do the reporting persons seek to influence control of Fluent (FLNT)?
The filing states the securities were not acquired and are not held for the purpose or effect of changing or influencing control of Fluent. The certification also notes they are not held in connection with any control-related transaction, other than activities tied solely to a nomination under Rule 14a-11.
Do JB Capital and Alan W. Weber claim to be a group in this Fluent (FLNT) filing?
The reporting persons expressly disclaim membership in a “group” under Section 13(d)(3) or Rule 13d-5(b)(1). They also disclaim beneficial ownership of securities reported by the other person or any other person, except to the extent of any pecuniary interest they may have in those securities.