---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-004091"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2024-02-09T23:59:59+00:00"
generated_at: "2026-06-06T04:51:53.561548+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-004091
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2024-02-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000162828024004091/0001628280-24-004091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000162828024004091/phun-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-004091
- JSON: https://secwatch.observer/filing/0001628280-24-004091.json
- Plain text: https://secwatch.observer/filing/0001628280-24-004091.txt

## Key facts
- Material Agreements
  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
  source text: on February 7, 2024, the Company entered into securities purchase agreements (the “Purchase Agreements”) with certain institutional investors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828024004091/0001628280-24-004091-index.htm

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