secwatch.observer — SEC 8-K summary
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Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123440
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phunware reports Q3 net loss $2.8M; Nasdaq deficiency for audit committee
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- Net loss from continuing ops $2.8M ($0.25/diluted share) vs $13.7M ($5.72) in Q3 2023.
- Cash & equivalents $35.5M at Sep 30; subsequent ATM proceeds boosted to ~$110M as of Nov 6.
- Year-to-date software & subscription bookings up 300% vs prior year.
- Nasdaq notified of non-compliance: audit committee size too small after Chen resignation; cure until next annual meeting or Oct 22, 2025.
- CFO Troy Reisner to depart by Nov 30; Stephen Chen appointed interim CEO; signed term sheet to acquire MyCanvass.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000095017024123440/0000950170-24-123440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000095017024123440/phun-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123440

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