secwatch.observer — SEC 8-K summary
======================================

Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001628280-23-034524
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Phunware granted 180-day Nasdaq extension until April 8, 2024 to regain $1.00 bid price compliance
--------------------------------------------------------------------------------

- Received Nasdaq bid price non-compliance notice on April 13, 2023; originally given until Oct 10, 2023 to cure.
- Nasdaq granted additional 180-day extension to April 8, 2024 to meet $1.00 minimum bid price for 10 consecutive days.
- Company may effect reverse stock split to regain compliance, subject to board and stockholder approval.
- Failure to regain compliance by April 8, 2024 could lead to delisting and trigger default on 2022 Promissory Note.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000162828023034524/0001628280-23-034524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000162828023034524/phun-20231012.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-034524

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