secwatch.observer — SEC 8-K summary
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Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001628280-23-040885
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000162828023040885/0001628280-23-040885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000162828023040885/phun-20231206.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-040885

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