Phunware, Inc. — fact timeline

Phunware, Inc. entered into Master Software and Services Agreement with Build Something LLC valued at aggregate project fees of up to $3,559,200 (effective 2026-05-13).

“Effective May 13, 2026, Phunware, Inc. (the "Company") entered into a Master Software and Services Agreement (the “MSSA”) with Build Something LLC, a Delaware limited liability company (the “Developer”), pursuant to which the Company retained the Developer to create, perform and provide software development, solutions, software engineering, software deployment and other technology and intellectual property services to and for the Company in accordance with each Statement of Work (as defined therein) entered into thereunder from time to time. Unless terminated early, the MSSA will continue for a period of one year and will renew for up to two one-year renewal terms unless either party thereunder provides notice of termination within 90 days of the then-current term. The MSSA and each Statement of Work may be terminated (i) by mutual written agreement of the parties thereunder, (ii) for convenience by the Company upon 30 days’ written notice to the Developer or (iii) upon 30 days’ writte”

Jeremy Krol resigned as Director at Phunware, Inc..

“On May 12, 2026, Jeremy Krol notified the Company of his voluntary resignation from the Board of Directors.”

Jeremy Krol changed role as Chief Operating Officer at Phunware, Inc..

“the Company and Mr. Krol agreed to the transition of Mr. Krol back into his role as Chief Operating Officer”

Dmitry Kroshka was appointed as Chief Executive Officer at Phunware, Inc..

“On May 12, 2026, the Board of Directors appointed Dmitry Kroshka as Chief Executive Officer of the Company.”

Phunware, Inc. reported first quarter ended March 31, 2026 results: revenue $0.5 million, net income $3.2 million, EPS ($0.16).

“Net revenue decreased 21% to $0.5 million in Q1 2026, as compared to $0.7 million in Q1 2025. • Gross margin improved to 70.8% in Q1 2026, as compared to 52.2% in Q1 2025. • Net loss improved to $3.2 million in Q1 2026, as compared to a net loss of $3.7 million in the previous year period. • Net loss per basic and diluted share was ($0.16) in Q1 2026, as compared to ($0.18) per basic and diluted share in Q1 2025.”

Phunware, Inc. reported the fourth quarter and year ended December 31, 2025 results: revenue $0.8 million, net income $2.1 million, EPS ($0.11).

“monetize their global audiences, today reported financial results for the fourth quarter and year ended December 31, 2025. Financial Highlights • Net revenue increased 33% to $0.8 million in Q4 2025, as compared to $0.6 million in Q4 2024. • Gross margin improved to 57.7% in Q4 2025, as compared to 23.3% in Q4 2024, a 3,443 basis point improvement. • Net loss”

Phunware, Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605, 5605(c)(2)(A), 5605(a)(2), 10A-3).

“July 24, 2025, Phunware, Inc. (the "Company") notified The Nasdaq Stock Market LLC ("Nasdaq") that, as a result of the resignation of Rahul Mewawalla from the Company’s audit committee in connection with his appointment as Executive Chair and Chief Artificial Intelligence Architect as described below, the Company is not in compliance with Nasdaq’s audit committee composition requirements as set forth in Nasdaq Listing Rule 5605. Pursuant to Nasdaq Listing Rule 5605(c)(2)(A), a listed company must have an audit committee of at least three members, each of whom must be an Independent Director as”

Phunware, Inc. engaged CBIZ CPAs P.C. as its auditor.

“On July 23, 2025, with the approval of the Company’s Audit Committee, CBIZ CPAs was engaged as the Company’s new independent registered public accounting firm for the fiscal year ending December 31, 2025.”

Marcum LLP resigned as auditor of Phunware, Inc..

“On July 23, 2025, Phunware, Inc. (the “Company”) was notified by Marcum that Marcum resigned as the Company’s independent registered public accounting firm as a result of such acquisition, and the Company’s Audit Committee approved such resignation.”

Quyen Du was appointed as Class III Director at Phunware, Inc..

“To fill the vacancy on the Board created by Mr. Snavely's resignation, on February 28, 2025, the Board appointed Quyen Du as a Class III director to hold office until the Company's 2024 annual meeting of stockholders and until her successor shall have been duly elected and qualified or until her earlier death, resignation or removal.”

Jeremy Krol was appointed as Chief Operating Officer at Phunware, Inc..

“Effective January 31, 2025, Phunware, Inc. (the “Company”) appointed Mr. Jeremy Krol, age 47, as its Chief Operating Officer.”

Phunware, Inc. received a nasdaq deficiency notice notice regarding other (rules 5620(a), 5810(c)(2)(G)).

“January 10, 2025, Phunware, Inc. (the "Company") received a written notice from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it was not in compliance with the rules for continued listing as set forth in Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G) because the Company has not held an annual meeting of stockholders within 12 months of year-end for the fiscal year ended as of December 31, 2023. Under Nasdaq rules, the Company has 45 days to submit a plan to Nasdaq to regain compliance, and if Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 cale”

Phunware, Inc. received a nasdaq deficiency notice notice regarding other (rules 5620(a), 5810(c)(2)(G)).

“January 10, 2025, Phunware, Inc. (the "Company") received a written notice from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it was not in compliance with the rules for continued listing as set forth”

Troy Reisner resigned as Chief Financial Officer at Phunware, Inc..

“This Amendment is being filed to disclose to correct the effective date of the resignation of Troy Reisner, former Chief Financial Officer of the Company.”

Troy Reisner resigned as Chief Financial Officer at Phunware, Inc..

“On November 1, 2024, Troy Reisner notified Phunware, Inc. (the “Company”) that he intends to step down as Chief Financial Officer of the Company on or after November 15, 2024 and prior to November 30, 2024.”

Stephen Chen resigned as Chairperson of the Board at Phunware, Inc..

“effective October 22, 2024, Mr. Chen resigned as Chairperson of the Board”

Stephen Chen was appointed as Interim Chief Executive Officer at Phunware, Inc..

“the Board appointed its Chairperson and Class I director, Stephen Chen, as Interim Chief Executive Officer of the Company.”

Michael Snavely resigned as Chief Executive Officer at Phunware, Inc..

“On October 22, 2024, Michael Snavely tendered his resignation as Chief Executive Officer and a member of the Board of Directors of the Company.”

Phunware, Inc. reported first quarter ended March 31, 2024 results: revenue $0.9 million, net income $(2.3) million, EPS $(0.33).

“to make a global difference in mobile.” First Quarter 2024 Financial Results - A Foundation to Build Upon Statement of Income (Loss) • Net revenues for the quarter totaled $0.9 million, exceeding the Company’s internal Q1 2024 plan by 5% • Gross margin was 56.9% up from 5.4% in Q1 2023 • Net loss decreased to $(2.3) million from $(4.3) million in Q1 2023 • Net”

Phunware, Inc. entered into Settlement Agreement and Release of Claims with Wilson Sonsini Goodrich & Rosati, PC valued at total sum of $2,193,852.02 (effective 2024-03-05).

“On March 5, 2024, the Company entered into a Settlement Agreement and Release of Claims (the “Settlement Agreement”) with WSGR settling the Uber Litigation. As part of the Settlement Agreement, the Company was required to (i) pay WSGR a total sum of $2,193,852.02 no later than March 8, 2024, (ii) file requests for dismissal of the Uber Litigation, with prejudice, with the Santa Clara Superior Court, and (iii) request that the Uber Arbitration be dismissed and closed with prejudice. In addition, WSGR is required to request that the Uber Arbitration be dismissed and closed with prejudice. The Settlement Agreement also provides that the Company and WSGR release each other from all claims that the Company or WSGR may have against one another with respect to the Uber Litigation or the Uber Arbitration. The full text of the Settlement Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.”

Phunware, Inc. reported the year ended December 31, 2023 results: revenue $4.8 million, net income $(52.8) million, EPS $(17.62).

“serving our markets. We’ll share our plans on the earnings call and beyond.” Full Year 2023 Financial Results • Net revenues from continuing operations for the year totaled $4.8 million • Impairment of remaining goodwill of $25.8 million • Lyte Technologies business was classified as a discontinued operation in 2023 • Net loss from continuing operations was”

Phunware, Inc. received a nasdaq compliance regained notice regarding minimum bid price (rules 5550(a)(2), 5815(d)(4)(B)).

“March 12, 2024, we received a letter from Nasdaq notifying us that we demonstrated compliance with the requirements to remain listed on the Nasdaq Capital Market, as required by the Panel. The letter also informed the Company that pursuant to Listing Rule 5815(d)(4)(B), the Company will be subject to a mandatory Panel monitor for a period of one year from the date of this letter. If, within that one-year monitoring period, the staff finds the Company again out of compliance with the requirement that was the subject of the exception, notwithstanding Rule 5810(c)(2), the Company will not be perm”

Phunware, Inc.: Approved a one-for-fifty reverse stock split of common stock via amendment to Certificate of Incorporation (effective 2024-02-26).

“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”).”

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

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

Chris Olive resigned as director at Phunware, Inc..

“In connection with the reduction of the size of the Board, Chris Olive resigned as a director of the Company on January 22, 2024.”

Chris Olive was appointed as Class II director at Phunware, Inc..

“On January 22, 2024, the Board resolved to fill the vacancy left by Mr. Costello and appointed Chris Olive to serve as a Class II director.”

Ryan Costello resigned as director at Phunware, Inc..

“As previously reported, Ryan Costello resigned from the board of directors (the "Board") of Phunware, Inc. (the "Company") effective December 31, 2023.”

Elliot Han was appointed as Class II director at Phunware, Inc..

“On January 21, 2024, the Board of Directors (the "Board") of Phunware, Inc. (the "Company") appointed Elloit Han to serve as a Class II director with a term expiring at the 2026 annual meeting of stockholders and until his successor has been duly elected and qualified.”

Phunware, Inc. entered into Purchase Agreement with certain institutional investors valued at $5.6 million (effective 2024-01-18).

“On January 18, 2024, Phunware, Inc. (the "Company”), entered into a definitive securities purchase agreement (the “Purchase Agreement”) with certain institutional investors for the purchase and sale of an aggregate of 54,800,000 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) and pre-funded warrants to purchase up to 1,200,000 shares of Common Stock (the “Pre-Funded Warrants”), in a registered direct offering (the “Offering”).”

Phunware, Inc. entered into Purchase Agreement with certain institutional investors valued at approximately $7 million (effective 2024-01-16).

“On January 16, 2024, Phunware, Inc. (the "Company"), entered into a definitive securities purchase agreement (the “Purchase Agreement”) with certain institutional investors for the purchase and sale of an aggregate of 40,000,000 shares”

Phunware, Inc. received a nasdaq deficiency notice notice regarding audit committee (rules 5605, 5605(c)(2)(A), 5605(c)(4)).

“January 3, 2024, Phunware, Inc., (the "Company") received a letter (the "Letter") from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, as a result of the resignation of Ryan Costello, as previously disclosed, from the Company's board of directors and its audit committee, the Company is not in compliance with Nasdaq’s audit committee composition requirements as set forth in Nasdaq Listing Rule 5605. Pursuant to Nasdaq Listing Rule 5605(c)(2)(A), a listed company must have an audit committee of at least three members, each of whom must be an Independent Director as defined und”

Phunware, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii)).

“December 21, 2023, the Company received a letter from Nasdaq notifying the Company that, as of December 20, 2023, the Company's common stock had a closing bid price of $0.10 or less for ten consecutive trading days and that, consistent with Nasdaq Listing Rule 5810(c)(3)(A)(iii), the Nasdaq had determined to delist the Company's common stock from the Nasdaq Capital Market. The notice further provides that the Company has until December 28, 2023 to appeal the Nasdaq's decision to delist the Company's common stock. Furthermore, on December 22, 2023, the Company timely submitted a request for a h”

Ryan Costello resigned as Chairperson of the Board at Phunware, Inc..

“On December 22, 2023, Ryan Costello notified the Company of his voluntary resignation from our board of directors (the "Board") and from the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee of the Board, effective December 31, 2023.”

Phunware, Inc. shareholders approved Approval, for the purposes of Nasdaq Listing Rule 5635, the issuance of shares of the Company's common stock to Lincoln Park Capital Fund, LLC pursuant to a stock purchase agreement between the Company and Lincoln Park at the 2023-12-20 meeting.

“Approval, for the purposes of Nasdaq Listing Rule 5635, the issuance of shares of the Company's common stock to Lincoln Park Capital Fund, LLC pursuant to a stock purchase agreement between the Company and Lincoln Park 16,303,977 4,357,937 1,077,365 34,731,511”

Phunware, Inc. shareholders approved Approval, for the purposes of Nasdaq Listing Rule 5635, the issuance of shares of the Company's common stock to Streeterville Capital, LLC upon the conversion of an amended promissory note at the 2023-12-20 meeting.

“Approval, for the purposes of Nasdaq Listing Rule 5635, the issuance of shares of the Company's common stock to Streeterville Capital, LLC upon the conversion of an amended promissory note 16,208,734 4,935,676 594,869 34,731,511”

Phunware, Inc. shareholders approved Approval of a proposed amendment to the Company's Certificate of Incorporation to effect a reverse stock split of the Company's common stock at a ratio ranging from 1-for-10 shares up to a ratio of 1-for-50 shares at the 2023-12-20 meeting.

“Approval of a proposed amendment to the Company's Certificate of Incorporation to effect a reverse stock split of the Company's common stock at a ratio ranging from 1-for-10 shares up to a ratio of 1-for-50 shares 37,866,326 18,428,100 176,364 0”

Phunware, Inc. shareholders approved Ratification of the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 at the 2023-12-20 meeting.

“Proposal For Against Withheld/ Abstentions Broker Non-Votes Ratification of the appointment of Marcum LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 50,295,042 5,246,129 929,619 0”

Phunware, Inc. shareholders approved Election of one Class II director to serve until the Company's 2026 Annual Meeting of Stockholders or until his successor are duly elected and qualified at the 2023-12-20 meeting.

“Nominee For Against Withheld/ Abstentions Broker Non-Votes Ryan Costello 17,156,790 0 4,582,489 34,731,511”

Phunware, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(iii)).

“December 21, 2023, the Company received a letter from Nasdaq notifying the Company that, as of December 20, 2023, the Company's common stock had a closing bid price of $0.10 or less for ten consecutive trading days and that, consistent with Nasdaq Listing Rule 5810(c)(3)(A)(iii), the Nasdaq had determined to delist the Company's common stock from the Nasdaq Capital Market. The notice further provides that the Company has until December 28, 2023 to appeal the Nasdaq's decision to delist the Company's common stock. On December 22, 2023, the Company submitted a request for a hearing before the Na”

Phunware, Inc. entered into Placement Agency Agreement with Roth Capital Partners, LLC valued at 7.0% cash fee of gross proceeds plus up to $60,000 for legal fees (effective 2023-12-07).

“Roth Capital Partners ., LLC (“Roth”) acted as the Company’s exclusive placement agent in connection with the Offering pursuant to a Placement Agency Agreement dated December 7, 2023 (the “Placement Agency Agreement“) between Roth and the Company.”

Phunware, Inc. entered into Securities Purchase Agreement with institutional investors valued at purchase of 33,215,334 shares of common stock and pre-funded warrants for approximately $2.8 million (effective 2023-12-07).

“On December 7, 2023, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors.”

Phunware, Inc. entered into Acknowledgement and Agreement with Streeterville Capital, LLC (effective 2023-12-06).

“(the "Company", "we", "us" or "our"), on July 6, 2022, we entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “noteholder” or “Streeterville”) and issued an unsecured promissory note (the "2022 Promissory Note") with an original principal amount of $12,808,672 in a private placement.”

Randall Crowder was terminated as Chief Operating Officer at Phunware, Inc..

“On November 16, 2023, Phunware, Inc. (the "Company") notified Randall Crowder, Chief Operating Officer of the Company, that it was terminating his employment with the Company.”

Phunware, Inc. announced a restructuring with charges of between $0.2 million and $0.4 million affecting PC manufacturing assembly business, Lyte Technology.

“the Company estimates that it will incur cash costs related to the wind down of between $0.2 million and $0.4 million.”

Michael Snavely was appointed as Chief Executive Officer at Phunware, Inc..

“On October 25, 2023, the Board appointed the Company's Chief Revenue Officer, Mr. Michael Snavely, age 55, as Chief Executive Officer.”

Russell Buyse resigned as Director at Phunware, Inc..

“Also, effective October 26, 2023, Mr. Buyse resigned as a member of our Board of Directors (the "Board").”

Russell Buyse was terminated as Chief Executive Officer at Phunware, Inc..

“The Separation Agreement provides that Mr. Buyse's employment with the Company terminated effective October 25, 2023 (the "Separation Date").”

Phunware, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“October 12, 2023, the Company received a letter from Nasdaq advising that the Company had been granted a 180-day extension to April 8, 2024, to regain compliance with the Bid Price Requirement, in accordance with Nasdaq Listing Rule 5810(c)(3)(A). To regain compliance, the bid price of the Company’s common stock must close at $1.00 per share or more for a minimum of ten consecutive business days. We intend to monitor the closing bid price of our common stock and may, if appropriate, take all measures necessary to regain compliance with the Bid Price Requirement within the 180 calendar day comp”

Eric Manlunas resigned as Director at Phunware, Inc..

“on October 1, 2023, Eric Manlunas notified the Company of his voluntary resignation from our board of directors (the "Board") and from the Audit Committee and the Nominating and Corporate Governance Committee of the Board, effective immediately.”

Michael Snavely was appointed as Chief Revenue Officer at Phunware, Inc..

“On September 5, 2023, Phunware, Inc. (the "Company") entered into a Confidential Executive Employment Agreement (the "Employment Agreement") with Michael Snavely to serve as Chief Revenue Officer of the Company effective September 12, 2023.”