Phunware modifies debt with Streeterville; waivers and conversion standstill for fees

Phunware, Inc.

Phunware reached agreement with Streeterville Capital on Dec 6, 2023 to amend promissory note terms.
Streeterville waives minimum balance reduction for Oct-Dec 2023; may consider Jan-Mar 2024 waivers.
Streeterville agrees not to exercise limited conversion rights from securities purchase closing through 60 days after.
Phunware pays 7.5% fee (~$345k) on outstanding balance added to the note.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Phunware, Inc. entered into Acknowledgement and Agreement with Streeterville Capital, LLC (effective 2023-12-06).

Action: entry
Counterparty: Streeterville Capital, LLC
Effective: 2023-12-06

Exact text from the filing

(the "Company", "we", "us" or "our"), on July 6, 2022, we entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “noteholder” or “Streeterville”) and issued an unsecured promissory note (the "2022 Promissory Note") with an original principal amount of $12,808,672 in a private placement.

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

Phunware, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-040885

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.