Sabby Volatility Fund Discloses 10.0% Stake in Phunware
Ticker: PHUN · Form: SC 13G · Filed: Jan 4, 2024 · CIK: 1665300
| Field | Detail |
|---|---|
| Company | Phunware, Inc. (PHUN) |
| Form Type | SC 13G |
| Filed Date | Jan 4, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, SC-13G, insider-activity
TL;DR
**Sabby Volatility just revealed a 10% stake in Phunware, signaling a big institutional bet.**
AI Summary
Sabby Volatility Warrant Master Fund, Ltd., a Cayman Islands-based entity, reported beneficial ownership of 10,006,584 shares of Phunware, Inc. Common Stock as of December 31, 2023. This filing, an SC 13G, indicates that Sabby Volatility Warrant Master Fund, Ltd. holds a significant stake, representing 10.0% of Phunware's outstanding shares. This matters to investors because a large institutional holder like Sabby Volatility Warrant Master Fund, Ltd. taking a substantial position can signal confidence in the company's future, potentially influencing other investors and the stock price.
Why It Matters
This filing reveals a major institutional investor, Sabby Volatility Warrant Master Fund, Ltd., now owns a significant portion of Phunware, Inc., which could be seen as a vote of confidence and potentially attract more investor interest.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, which is generally a positive signal and reduces perceived risk.
Analyst Insight
A smart investor would view this significant institutional stake as a potential positive signal, warranting further research into Phunware's fundamentals and future prospects, especially given the size of the investment by Sabby Volatility Warrant Master Fund, Ltd.
Key Numbers
- 10,006,584 — Shares Beneficially Owned (Represents the total number of Phunware Common Stock shares Sabby Volatility Warrant Master Fund, Ltd. has shared voting and dispositive power over.)
- 10.0% — Percentage of Class (Indicates the significant ownership stake Sabby Volatility Warrant Master Fund, Ltd. holds in Phunware, Inc.)
- December 31, 2023 — Reporting Date (The specific date as of which the beneficial ownership is being reported.)
Key Players & Entities
- Phunware, Inc. (company) — the subject company whose shares are being reported
- Sabby Volatility Warrant Master Fund, Ltd. (company) — the reporting person beneficially owning shares
- Sabby Management, LLC (company) — the entity that filed the SC 13G on behalf of the reporting person
- Cayman Islands (company) — place of organization for Sabby Volatility Warrant Master Fund, Ltd.
- 10,006,584 (dollar_amount) — number of shares beneficially owned
- December 31, 2023 (date) — date of the event requiring the filing
Forward-Looking Statements
- Phunware's stock price may see increased attention from institutional investors. (Phunware, Inc.) — medium confidence, target: Q1 2024
- Sabby Volatility Warrant Master Fund, Ltd. will maintain or increase its stake in Phunware. (Sabby Volatility Warrant Master Fund, Ltd.) — medium confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Sabby Volatility Warrant Master Fund, Ltd., as stated in Item 1 of the filing.
What is the total number of Phunware, Inc. shares beneficially owned by the reporting person?
Sabby Volatility Warrant Master Fund, Ltd. beneficially owns 10,006,584 shares of Phunware, Inc. Common Stock, as detailed in Item 9 of the filing.
What percentage of Phunware, Inc.'s class of securities does the reporting person own?
The reporting person, Sabby Volatility Warrant Master Fund, Ltd., owns 10.0% of Phunware, Inc.'s Common Stock, as indicated in Item 13 of the filing.
What was the date of the event that triggered this SC 13G filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(c), as indicated by the checked box on the cover page.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 4, 2024 regarding Phunware, Inc. (PHUN).