Phunware launches $120M at-the-market equity offering program

Phunware, Inc.

Filed prospectus supplement to existing S-3 shelf to sell up to $120M of common stock via ATM.
Sales agents include Canaccord Genuity, Roth Capital Partners, and The Benchmark Company.
ATM program does not add new capacity to the existing shelf registration statement.
Amended January 2024 securities purchase agreement to exclude ATM issuances from participation rights.

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