Summary by Moomoo AI
On December 31, 2023, a Schedule 13G was filed with the United States Securities and Exchange Commission by Sabby Volatility Warrant Master Fund, Ltd., Sabby Management, LLC, and Hal Mintz, indicating a significant ownership stake in Phunware, Inc. The filing reveals that each of the reporting persons beneficially owns 10,006,584 shares of Phunware's common stock, which represents 5.93% of the company's class of securities. Sabby Management, LLC, a Delaware-based company, and Hal Mintz, a US citizen, do not directly own any shares but have indirect ownership through their respective roles with Sabby Volatility Warrant Master Fund, Ltd., which is organized in the Cayman Islands. The filing was made under Rule 13d-1(c) of the Securities Exchange Act of 1934, and the parties have jointly filed this statement. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of Phunware, Inc., and there is no intention to do so.