Phunware Terminates One Deal, Enters Another
Ticker: PHUN · Form: 8-K · Filed: Jun 4, 2024 · CIK: 1665300
| Field | Detail |
|---|---|
| Company | Phunware, Inc. (PHUN) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $120,000,000, $100,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, termination, new-deal
Related Tickers: PHUN
TL;DR
Phunware just ditched one deal and signed a new one. Big moves happening.
AI Summary
Phunware, Inc. announced on June 3, 2024, the termination of a material definitive agreement. The company also entered into a new material definitive agreement on the same date. Specific details regarding the nature of these agreements and any associated financial implications were not disclosed in this filing.
Why It Matters
This filing indicates a significant shift in Phunware's contractual relationships, which could impact its operations, partnerships, and financial strategy.
Risk Assessment
Risk Level: medium — The termination and entry into new material definitive agreements suggest potential strategic shifts or unresolved issues that could carry financial or operational risks.
Key Players & Entities
- Phunware, Inc. (company) — Registrant
- Stellar Acquisition III Inc. (company) — Former Company Name
- June 3, 2024 (date) — Date of earliest event reported
FAQ
What was the nature of the material definitive agreement that was terminated?
The filing does not specify the nature of the terminated material definitive agreement.
What are the terms of the new material definitive agreement entered into by Phunware?
The filing does not provide details on the terms of the new material definitive agreement.
What is the effective date of the termination of the material definitive agreement?
The filing indicates June 3, 2024, as the date of the earliest event reported, which includes the termination.
What is the effective date of the new material definitive agreement?
The filing indicates June 3, 2024, as the date of the earliest event reported, which includes the entry into the new agreement.
Does this filing provide any financial impact of these agreement changes?
No, this filing does not disclose any specific financial impacts resulting from the termination or entry into new agreements.
Filing Stats: 1,282 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-06-04 08:10:37
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share PHUN The NASDAQ Capital M
- $120,000,000 — , for aggregate gross proceeds of up to $120,000,000 ( the "Shares") , through the Agents, a
- $100,000,000 — , for aggregate gross proceeds of up to $100,000,000, through or to Wainwright, as agent or
Filing Documents
- form8-k.htm (8-K) — 50KB
- ex1-1.htm (EX-1.1) — 231KB
- ex5-1.htm (EX-5.1) — 14KB
- ex10-1.htm (EX-10.1) — 29KB
- ex5-1_001.jpg (GRAPHIC) — 31KB
- 0001493152-24-022481.txt ( ) — 595KB
- phun-20240603.xsd (EX-101.SCH) — 3KB
- phun-20240603_lab.xml (EX-101.LAB) — 33KB
- phun-20240603_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 4, 2024 Phunware, Inc. By: /s/ Troy Reisner Troy Reisner Chief Financial Officer 4