---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-011635"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T01:59:29.566179+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Phunware receives Nasdaq delisting notice for bid price below $1.00; 180 days to regain compliance

## Summary
- Received Nasdaq notice on April 13, 2023 for non-compliance with bid price rule (stock closed below $1.00 for 30 consecutive days).
- Has 180 calendar days, until October 10, 2023, to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not compliant by Oct 10, may be eligible for additional 180-day period if it meets other listing standards and intends reverse split.
- Company will monitor bid price and take measures to regain compliance, but no assurance of success.

## SEC filing metadata
- accession: 0001628280-23-011635
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000162828023011635/0001628280-23-011635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000162828023011635/phun-20230413.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-011635
- JSON: https://secwatch.observer/filing/0001628280-23-011635.json
- Plain text: https://secwatch.observer/filing/0001628280-23-011635.txt

## Key facts
- Listing & Compliance Notices
  Phunware, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: April 13, 2023, Phunware, Inc. (the “Company”) received a notice from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”) because the bid price of the Company’s common stock on the Nasdaq Capital Market had closed below $1.00 per share for the previous 30 consecutive business days. The notice received has no immediate effect on the Company's Nasdaq listing. The notice from Nasdaq states that, under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a period of 180 calendar days
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828023011635/0001628280-23-011635-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.