---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-040885"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T17:09:30.542851+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-040885
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000162828023040885/0001628280-23-040885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000162828023040885/phun-20231206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-040885
- JSON: https://secwatch.observer/filing/0001628280-23-040885.json
- Plain text: https://secwatch.observer/filing/0001628280-23-040885.txt

## Key facts
- Material Agreements
  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
  source text: (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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828023040885/0001628280-23-040885-index.htm

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