Phunware, Inc. Files 2023 Annual Report Amendment

TL;DR

Phunware (PHUN) filed its 2023 10-K amendment on Jan 15, 2025. Check for updates.

AI Summary

Phunware, Inc. filed an amendment (10-K/A) on January 15, 2025, for its fiscal year ending December 31, 2023. The company, formerly known as Stellar Acquisition III Inc., is based in Austin, Texas, and operates in computer processing and data preparation services. This filing is an amendment to their annual report.

Why It Matters

This amendment provides updated financial and operational information for Phunware, Inc. for the 2023 fiscal year, which is crucial for investors to assess the company's performance and outlook.

Risk Assessment

Risk Level: medium — As an amendment to an annual report, this filing may contain significant updates or corrections to previously disclosed information, requiring careful review by investors.

Key Numbers

• 20231231 — Fiscal Year End (The period covered by the annual report.)
• 20250115 — Filing Date (The date the amendment was filed with the SEC.)

Key Players & Entities

• Phunware, Inc. (company) — Registrant
• Stellar Acquisition III Inc. (company) — Former company name
• 001-37862 (company) — SEC file number
• 1002 West Avenue, Austin, Texas 78701 (location) — Principal executive offices address

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share PHUN The NASDAQ Capital M

Filing Documents

• form10-ka.htm (10-K/A) — 86KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32-1.htm (EX-32.1) — 11KB
• 0001493152-25-002441.txt ( ) — 349KB
• phun-20231231.xsd (EX-101.SCH) — 3KB
• phun-20231231_lab.xml (EX-101.LAB) — 35KB
• phun-20231231_pre.xml (EX-101.PRE) — 23KB
• form10-ka_htm.xml (XML) — 8KB

Risk Factors

Risk Factors 1 PART II Item 9A.

Controls and Procedures

Controls and Procedures 2 PART IV Item 15. Exhibits and Financial Statement Schedules 3 PART I Item 1A. Risk Factors. Whether our digital assets, including PhunCoin and PhunToken, constitute a "security" is subject to a high degree of uncertainty, and if we fail to properly characterize a digital asset, we may be subject to regulatory scrutiny, inquiries, investigations, fines and other penalties, which may adversely affect our business, operating results and financial condition. Any resulting change in characterization may also affect the manner in which such digital assets are reflected in our financial statements. The SEC and its staff have taken the position that certain digital or "crypto" assets fall within the definition of a "security" under the U.S. federal securities laws. The legal test for determining whether any given digital asset is a security is a highly complex, fact-driven analysis, and the outcome is difficult to predict. The SEC generally does not provide advance guidance or confirmation on the status of any particular digital asset as a security. Furthermore, it is also possible that a change in the governing administration or the appointment of new SEC commissioners could substantially impact the views of the SEC and its staff. Several foreign jurisdictions have taken a broad-based approach to classifying digital assets as "securities," while certain other foreign jurisdictions have adopted a narrower approach. As a result, certain digital assets may be deemed to be a "security" under the laws of some jurisdictions but not others. Various foreign jurisdictions may, in the future, adopt additional laws, regulations, or directives that affect the characterization of digital assets as "securities." The classification of a digital asset as a security under applicable law has wide-ranging implications for the regulatory obligations that flow from the offer and sale of such assets. For example, a digital asset that is a security i

SIGNATURES

SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Act of 1934, the Registrant has duly caused this Annual Report to be signed on its behalf by the undersigned, thereunto duly authorized. PHUNWARE, INC. Date: January 15, 2025 By: /s/ Stephen Chen Title: Interim Chief Executive Officer (Principal Executive Officer) Date: January 15, 2025 By: /s/ J. Brendhan Botkin Title: Vice President of Accounting and Financial Reporting (Principal Accounting and Financial Officer) 4

View Full Filing

View this 10-K/A filing on SEC EDGAR