secwatch.observer — SEC 8-K summary
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Issuer:     Phunware, Inc. (PHUN)
CIK:        0001665300
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001628280-24-004087
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Phunware issues ~26M shares to Streeterville upon full conversion of $12.8M note
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- Streeterville converted $1,604,622 to 5,611,155 shares on Feb 5, 2024; note paid-in-full.
- Total conversions: $2.9M each on Jan 23 (5.8M + 11.2M shares), $200k each in Nov 2023 (1.5M + 1.8M shares).
- Original $12.8M note from July 2022; amended Aug 2023 to require $800k monthly amortization.
- Conversion price is 90% of lower of prior day close or 5-day average closing price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000162828024004087/0001628280-24-004087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000162828024004087/phun-20240205.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-004087

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