Summary by Futu AI
L1 Capital Global Opportunities Master Fund, Ltd., a Cayman Islands-based entity, has filed an amended Schedule 13G/A with the Securities and Exchange Commission (SEC) on January 29, 2024, indicating a change in their holdings of Phunware, Inc. common stock. The filing, which reflects the state of holdings as of December 31, 2023, shows that L1 Capital now beneficially owns 4,212,148 shares of Phunware. This represents a significant stake in the company, based on the total number of shares outstanding as reported on December 7, 2023. Directors David Feldman and Joel Arber, associated with L1 Capital, are deemed to beneficially own these shares but have disclaimed beneficial ownership for all other purposes. The filing also indicates that the shares were not acquired for the purpose of changing or influencing the control of Phunware, nor were they held in connection with any transaction having that purpose or effect.