---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007571"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:59:56.784451+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Phunware implements 1-for-50 reverse stock split to regain Nasdaq compliance

## Summary
- Reverse stock split ratio 1-for-50 effective 5:00 PM ET Feb 26, 2024; trading begins Feb 27.
- Post-split shares outstanding approx. 8 million; no fractional shares, rounding up to whole share.
- Purpose: increase market price to meet Nasdaq minimum bid continued listing requirement.
- New CUSIP 71948P 209; par value unchanged at $0.0001; trading symbol remains PHUN.
- Stockholders authorized split at Dec 20, 2023 annual meeting; Board set final ratio.

## SEC filing metadata
- accession: 0001628280-24-007571
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000162828024007571/0001628280-24-007571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000162828024007571/phun-20240223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007571
- JSON: https://secwatch.observer/filing/0001628280-24-007571.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007571.txt

## Key facts
- Governance Changes
  Phunware, Inc.: Approved a one-for-fifty reverse stock split of common stock via amendment to Certificate of Incorporation (effective 2024-02-26).
  - Change: charter amendment
  - Effective: 2024-02-26
  source text: On February 23, 2024, Phunware, Inc. (the “Company”) filed a Certificate of Amendment (the “Amendment”) to the Company’s Certificate of Incorporation with the Delaware Secretary of State to effect a reverse stock split of the Company’s common stock at a ratio of one-for-fifty (the “Reverse Stock Split”) , effective at 5:00 p.m. Eastern Time on February 26, 2024 (the “Effective Time”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828024007571/0001628280-24-007571-index.htm

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