secwatch.observer — SEC 8-K summary
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Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001628280-24-001702
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000162828024001702/0001628280-24-001702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000162828024001702/phun-20240116.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-001702

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