Summary by Moomoo AI
Phunware, Inc., a Delaware-based company, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC) on January 22, 2024. This filing is intended to register additional shares for issuance under various employee benefit plans. Specifically, the registration covers an annual increase of 9,628,600 shares for the 2018 Equity Incentive Plan, 818,824 shares for the 2018 Employee Stock Purchase Plan, and 600,000 shares each for the 2023 Inducement Plan and the 2023B Inducement Plan. The automatic annual increases are based on a set percentage of the outstanding shares as of the preceding December 31st. The 2023 Inducement Plans were adopted by the board of directors without stockholder approval, under the Nasdaq Marketplace Rules, as an inducement material to the entry of new employees. The shares reserved under these plans are of the same class as those previously registered with the SEC and are incorporated by reference into this Registration Statement.