Phunware signs $171.5M at-the-market equity distribution agreement with Canaccord

Phunware, Inc.

Amended and Restated Equity Distribution Agreement with Canaccord Genuity allows sales of up to $171,520,779 of common stock.
Shares sold under existing shelf registration; agents to receive 3.0% commission on gross proceeds.
Either party may terminate agreement on five days' notice; company has no obligation to sell any shares.
Agreement amends prior June 4, 2024 Equity Distribution Agreement; includes shares sold under that prior agreement.

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