share_log

Phunware | 424B5: Prospectus

SEC announcement ·  Jan 19 00:00
Summary by Moomoo AI
Phunware, a fully integrated enterprise cloud platform for mobile, has announced the offering of 54,800,000 shares of common stock at $0.10 per share, alongside pre-funded warrants to purchase an additional 1,200,000 shares. The pre-funded warrants, in lieu of common stock, are offered to purchasers whose acquisition could result in beneficial ownership exceeding 4.99% or 9.99% of outstanding shares post-transaction. Each pre-funded warrant's purchase price equals the public share price minus $0.001, with an exercise price of $0.001 per share. The offering also includes shares issuable upon exercise of the pre-funded warrants. Phunware's common stock is listed on the Nasdaq Capital Market under the symbol 'PHUN', with a reported sales price of $0.2421 per share as of January 18, 2024. The offering is expected...Show More
Phunware, a fully integrated enterprise cloud platform for mobile, has announced the offering of 54,800,000 shares of common stock at $0.10 per share, alongside pre-funded warrants to purchase an additional 1,200,000 shares. The pre-funded warrants, in lieu of common stock, are offered to purchasers whose acquisition could result in beneficial ownership exceeding 4.99% or 9.99% of outstanding shares post-transaction. Each pre-funded warrant's purchase price equals the public share price minus $0.001, with an exercise price of $0.001 per share. The offering also includes shares issuable upon exercise of the pre-funded warrants. Phunware's common stock is listed on the Nasdaq Capital Market under the symbol 'PHUN', with a reported sales price of $0.2421 per share as of January 18, 2024. The offering is expected to close on or about January 23, 2024, subject to customary conditions. Roth Capital Partners acts as the exclusive placement agent for the offering. The proceeds, estimated at approximately $5.1 million net of placement agent fees and expenses, are intended for working capital and general corporate purposes, including product initiatives like patent portfolio monetization and blockchain ecosystem completion.

This announcement is a separate document:

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