Phunware raises $10M via public offering of 40M shares at $0.25/share

Phunware, Inc.

40M shares sold at $0.25 per share; gross proceeds ~$10M, closing on Feb 9, 2024.
Net proceeds for working capital and product initiatives including PhunCoin/PhunToken.
Lock-up on officers/directors for 31 days; company restricted from variable rate transactions for 31 days.
Roth Capital Partners placement agent with 7.0% cash fee and up to $60k expenses.

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 Agreements with certain institutional investors valued at aggregate of 40,000,000 shares (effective 2024-02-07).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: aggregate of 40,000,000 shares
Effective: 2024-02-07

Exact text from the filing

on February 7, 2024, the Company entered into securities purchase agreements (the “Purchase Agreements”) with certain institutional investors

View on SEC.gov

282 material agreements filed in the last 30 days. Browse all material agreements →

Phunware, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-004091

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