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:  0001628280-24-004091
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665300/000162828024004091/0001628280-24-004091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665300/000162828024004091/phun-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-004091

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