{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-037416","form_type":"8-K","ticker":"PHUN","cik":"0001665300","company_name":"Phunware, Inc.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.992225+00:00","generated_at":"2026-06-08T15:53:34.995969+00:00","sec_items":["2.05","2.06","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Phunware winds down Lyte PC business; expects up to $3M impairment, $0.2-0.4M cash costs","bullets":["Committed to wind down Lyte Technology PC business by end of 2023; lease termination in principle.","Estimates cash wind-down costs of $0.2M-$0.4M, funded from asset sale proceeds.","Expects pre-tax non-cash impairment losses up to $3.0M in Q4 2023.","CEO says wind down reduces annual cash burn by ~$2M; reaffirms focus on enterprise software."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-037416","json":"https://secwatch.observer/filing/0001628280-23-037416.json","markdown":"https://secwatch.observer/filing/0001628280-23-037416.md","text":"https://secwatch.observer/filing/0001628280-23-037416.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1665300/000162828023037416/0001628280-23-037416-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1665300/000162828023037416/phun-20231101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T15:53:34.995969+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ae5bbb7310ac62f4a185ee5516868e30bfc81aa4","claim":"Phunware, Inc. announced a restructuring with charges of between $0.2 million and $0.4 million affecting PC manufacturing assembly business, Lyte Technology.","evidence_excerpt":"the Company estimates that it will incur cash costs related to the wind down of between $0.2 million and $0.4 million.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1665300/000162828023037416/0001628280-23-037416-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"between $0.2 million and $0.4 million"},{"label":"Affected area","value":"PC manufacturing assembly business, Lyte Technology"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}