L1 Capital Reports 4.2M Phunware Shares, Sole Voting Power
Ticker: PHUN · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1665300
| Field | Detail |
|---|---|
| Company | Phunware, Inc. (PHUN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, beneficial-ownership
TL;DR
**L1 Capital still holds over 4.2M Phunware shares, showing a big institutional stake.**
AI Summary
L1 Capital Global Opportunities Master Fund, Ltd. filed an amended SC 13G/A on January 29, 2024, reporting its ownership in Phunware, Inc. As of December 31, 2023, the fund holds sole voting power over 4,212,148 shares of Phunware's Common Stock. This filing indicates a significant institutional stake, which can influence stock stability and investor confidence in Phunware.
Why It Matters
This filing shows a major institutional investor's continued significant stake in Phunware, which can signal confidence or a strategic position, potentially impacting the stock's perceived value and stability.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous disclosure, indicating a stable or slightly adjusted institutional holding rather than a new, volatile event.
Analyst Insight
An investor should note that a significant institutional holder like L1 Capital Global Opportunities Master Fund, Ltd. maintains a substantial position in Phunware, Inc. This could suggest a long-term view or strategic interest, but further research into L1 Capital's investment thesis and Phunware's fundamentals is warranted before making investment decisions.
Key Numbers
- 4,212,148 — Sole Voting Power Shares (The number of Phunware, Inc. Common Stock shares L1 Capital Global Opportunities Master Fund, Ltd. has sole voting power over as of December 31, 2023.)
- December 31, 2023 — Date of Event (The date for which the reported share ownership is effective.)
- January 29, 2024 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)
- 71948P100 — CUSIP Number (The unique identification number for Phunware, Inc.'s Common Stock.)
- $0.0001 — Par Value (The par value per share of Phunware, Inc.'s Common Stock.)
Key Players & Entities
- L1 Capital Global Opportunities Master Fund, Ltd. (company) — the reporting person holding shares in Phunware, Inc.
- Phunware, Inc. (company) — the subject company whose securities are being reported
- Cayman Islands (company) — place of organization for L1 Capital Global Opportunities Master Fund, Ltd.
- SEC (company) — Securities and Exchange Commission, the regulatory body
Forward-Looking Statements
- L1 Capital Global Opportunities Master Fund, Ltd. will maintain a significant stake in Phunware, Inc. (L1 Capital Global Opportunities Master Fund, Ltd.) — medium confidence, target: Q2 2024
FAQ
What type of filing is this document and what does it generally indicate?
This document is an SC 13G/A, which is an amendment to a Schedule 13G. It indicates that an institutional investor, in this case, L1 Capital Global Opportunities Master Fund, Ltd., is updating its previously reported beneficial ownership of 5% or more of a company's stock, Phunware, Inc., as of December 31, 2023.
Who is the reporting person in this filing and what is their place of organization?
The reporting person is L1 Capital Global Opportunities Master Fund, Ltd., and its place of organization is the Cayman Islands, as stated on the cover page of the filing.
How many shares of Phunware, Inc. Common Stock does L1 Capital Global Opportunities Master Fund, Ltd. have sole voting power over?
As of December 31, 2023, L1 Capital Global Opportunities Master Fund, Ltd. has sole voting power over 4,212,148 shares of Phunware, Inc. Common Stock, according to the cover page of the filing.
What is the CUSIP number for Phunware, Inc.'s Common Stock as listed in this filing?
The CUSIP number for Phunware, Inc.'s Common Stock is 71948P100, as specified on the cover page of the Schedule 13G/A.
When was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as indicated on the first page of the Schedule 13G/A.
Filing Stats: 830 words · 3 min read · ~3 pages · Grade level 9.2 · Accepted 2024-01-29 16:05:24
Key Financial Figures
- $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securiti
Filing Documents
- l1cap_13ga.htm (SC 13G/A) — 29KB
- 0001079973-24-000139.txt ( ) — 31KB
Ownership
Item 4. Ownership. (a)–(c) The information required by Items 4(a)-(c) is set forth in Rows (5)-(9) and Row (11) of the cover page and is incorporated herein by reference. The percentage set forth on Row (11) of the cover page for the reporting person is based on 178,814,365 shares of common stock outstanding as reported on the Issuer’s Prospectus Supplement filed pursuant to Rule 424(b)(5) of the Securities Act of 1933 on December 7, 2023. David Feldman and Joel Arber are the Directors of L1 Capital Global Opportunities Master Fund, Ltd. As such, L1 Capital Global Opportunities Master Fund, Ltd., Mr. Feldman and Mr. Arber may be deemed to beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) 4,212,148 shares of the Issuer’s common stock. To the extent Mr. Feldman and Mr. Arber are deemed to beneficially own such shares, Mr. Feldman and Mr. Arber disclaim beneficial ownership of these securities for all other purposes. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following Item 6. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. By: L1 Capital Global Opportunities Master Fund, Ltd. January 29, 2024 By: /s/ David Feldman David Feldman, Director