secwatch.observer — SEC 8-K summary
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Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001493152-24-022481
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phunware enters $120M ATM equity distribution agreement with Canaccord, terminates prior Wainwright facility
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- New Equity Distribution Agreement with Canaccord Genuity allows sale of up to $120M in common stock via ATM.
- Prior ATM agreement with H.C. Wainwright & Co. was terminated effective June 3, 2024.
- Company amended Jan 2024 securities purchase agreement to exclude Canaccord facility from certain investor participation rights.
- Agents will receive up to 3.0% commission on gross proceeds.
- Canaccord distribution agreement can be terminated by either party on five days' notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000149315224022481/0001493152-24-022481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000149315224022481/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-022481

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