secwatch.observer — SEC 8-K summary
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Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0000950170-24-117760
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

Phunware terminates $30M equity purchase agreement with Lincoln Park Capital
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- Terminated the August 22, 2023 Purchase Agreement effective October 25, 2024.
- Agreement allowed sale of up to $30M of common stock over 24 months.
- Under the agreement, Phunware sold 164,106 shares for proceeds of ~$978,000.
- Company had the right to terminate for any reason with one business day notice.
- Certain provisions survive termination as detailed in the agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000095017024117760/0000950170-24-117760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000095017024117760/phun-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117760

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer