secwatch.observer — SEC 8-K summary
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Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001628280-23-011635
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000162828023011635/0001628280-23-011635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000162828023011635/phun-20230413.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-011635

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