Phunware prices $7M registered direct offering of 40M shares and 47.5M pre-funded warrants at $0.08/share

Phunware, Inc.

Gross proceeds of ~$7M from sale of 40M common shares and 47.5M pre-funded warrants at $0.08 per share.
Proceeds for working capital, patent monetization, PhunCoin and PhunToken product initiatives.
30-day lock-up for directors/officers; 30-day ban on variable rate transactions.
Roth Capital Partners acted as sole placement agent with 7% cash fee.

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 Purchase Agreement with certain institutional investors valued at approximately $7 million (effective 2024-01-16).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: approximately $7 million
Effective: 2024-01-16

Exact text from the filing

On January 16, 2024, Phunware, Inc. (the "Company"), entered into a definitive securities purchase agreement (the “Purchase Agreement”) with certain institutional investors for the purchase and sale of an aggregate of 40,000,000 shares

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Phunware, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-001702

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