---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-001702"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T21:58:22.491716+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-001702
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000162828024001702/0001628280-24-001702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000162828024001702/phun-20240116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-001702
- JSON: https://secwatch.observer/filing/0001628280-24-001702.json
- Plain text: https://secwatch.observer/filing/0001628280-24-001702.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828024001702/0001628280-24-001702-index.htm

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