Phunware, INC 8-K filings

Phunware Inc. has terminated its $30 million stock purchase agreement with Lincoln Park Capital, effective October 25, 2024.

Phunware's CEO Michael Snavely has resigned, and Board Chairperson Stephen Chen has been appointed as interim CEO, while the company addresses non-compliance with Nasdaq's audit committee requirements.

Phunware Inc. presented its strategy for leveraging AI to democratize mobile app development for businesses of all sizes at the Webull Virtual Corporate Connect Webinar.

Phunware is launching a new generative AI-based platform to democratize mobile app development, aiming to capitalize on the rapidly growing global mobile app market.

Phunware, Inc. will present at the H.C. Wainwright 26th Annual Global Investment Conference on or after September 9, 2024.

Phunware, Inc. announced a significant 623% increase in SaaS bookings for the second quarter of 2024 compared to the same period last year, alongside a 10% revenue increase from the previous quarter.

Phunware has announced a new at-the-market equity offering program to sell up to $120 million of its common stock.

Phunware, Inc. has entered into an agreement for a new at-the-market equity offering of up to $120 million and terminated a previous sales agreement.

Phunware announced a significant improvement in its first quarter 2024 financial results, highlighted by increased gross margins and reduced net losses.

Phunware has reached a settlement agreement with its former counsel, Wilson Sonsini Goodrich & Rosati, resolving a legal dispute and arbitration related to a previous litigation against Uber.

Phunware announced its full year 2023 financial results, highlighting a net loss of $52.8 million, but also significant cost reductions and a return to compliance with Nasdaq listing requirements.

Phunware has enacted a 1-for-50 reverse stock split, effective February 26, 2024, to increase its share price and meet Nasdaq's minimum bid requirement.

Phunware, Inc. has announced the pricing of a public offering to sell 40 million shares of its common stock at $0.25 per share, aiming to raise $10 million before expenses.

Phunware, Inc. has fully paid off its 2022 promissory note to Streeterville Capital, LLC through a series of share conversions, concluding on February 5, 2024.

Phunware appointed Chris Olive to its board of directors on January 22, 2024, and then he resigned the same day as the board was reduced in size.

Phunware, Inc. has appointed Elloit Han as a Class II director, effective January 21, 2024.

Phunware, Inc. has successfully priced a $5.6 million registered direct offering of common stock and pre-funded warrants to bolster working capital and strategic expansion.

Phunware, Inc. has announced a $7 million registered direct offering of common stock and pre-funded warrants, priced at-the-market under Nasdaq rules, to enhance its working capital and fund strategic initiatives.