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Phunware, Inc., a company listed on the NASDAQ Capital Market under the symbol PHUN, has been notified by Nasdaq of its decision to delist the company's common stock due to the stock's closing bid price falling to $0.10 or less for ten consecutive trading days as of December 20, 2023. The company received the delisting notice on December 21, 2023, and has until December 28, 2023, to appeal the decision. Phunware submitted a timely request for a hearing before the Nasdaq Hearings Panel on December 22, 2023, which was granted, with the hearing scheduled for March 19, 2024. The delisting is stayed pending the Panel's final decision post-hearing. In parallel, on December 22, 2023, Ryan Costello announced his resignation from Phunware's board of directors and all associated committees, effective December 31, 2023. His departure is not due to any disagreements with the company's operations or practices. Following his resignation, the board will consist of three directors, with only two being independent under Nasdaq rules, and the Audit Committee will have two independent directors.
Phunware, Inc., a company listed on the NASDAQ Capital Market under the symbol PHUN, has been notified by Nasdaq of its decision to delist the company's common stock due to the stock's closing bid price falling to $0.10 or less for ten consecutive trading days as of December 20, 2023. The company received the delisting notice on December 21, 2023, and has until December 28, 2023, to appeal the decision. Phunware submitted a timely request for a hearing before the Nasdaq Hearings Panel on December 22, 2023, which was granted, with the hearing scheduled for March 19, 2024. The delisting is stayed pending the Panel's final decision post-hearing. In parallel, on December 22, 2023, Ryan Costello announced his resignation from Phunware's board of directors and all associated committees, effective December 31, 2023. His departure is not due to any disagreements with the company's operations or practices. Following his resignation, the board will consist of three directors, with only two being independent under Nasdaq rules, and the Audit Committee will have two independent directors.
纳斯达克已通知PHUNWARE, Inc. 是一家在纳斯达克资本市场上市的公司，股票代码为PHUN，该公司决定将该公司的普通股退市，原因是截至2023年12月20日，该股的收盘出价连续十个交易日跌至0.10美元或以下。该公司于2023年12月21日收到除名通知，并且必须在2023年12月28日之前对该决定提出上诉。Phunware于2023年12月22日及时向纳斯达克听证会小组提交了听证会请求，该请求获得批准，听证会定于2024年3月19日举行。暂缓除名，等待专家小组在听证后作出最终决定。同时，瑞安·科斯特洛于2023年12月22日宣布辞去Phunware董事会和所有关联委员会的职务，自2023年12月31日起生效。他的离职不是由于与公司的运营或做法有任何分歧。他辞职后，董事会将由三名董事组成，根据纳斯达克的规定，只有两名董事是独立的，审计委员会将有两名独立董事。
纳斯达克已通知PHUNWARE, Inc. 是一家在纳斯达克资本市场上市的公司，股票代码为PHUN，该公司决定将该公司的普通股退市，原因是截至2023年12月20日，该股的收盘出价连续十个交易日跌至0.10美元或以下。该公司于2023年12月21日收到除名通知，并且必须在2023年12月28日之前对该决定提出上诉。Phunware于2023年12月22日及时向纳斯达克听证会小组提交了听证会请求，该请求获得批准，听证会定于2024年3月19日举行。暂缓除名，等待专家小组在听证后作出最终决定。同时，瑞安·科斯特洛于2023年12月22日宣布辞去Phunware董事会和所有关联委员会的职务，自2023年12月31日起生效。他的离职不是由于与公司的运营或做法有任何分歧。他辞职后，董事会将由三名董事组成，根据纳斯达克的规定，只有两名董事是独立的，审计委员会将有两名独立董事。
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