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Phunware | SC 13G: Statement of acquisition of beneficial ownership by individuals-L1 Capital Global Opportunities Master Fund, Ltd.(8.3%)

SEC announcement ·  Jan 30 05:16
Summary by Futu AI
On January 18, 2024, L1 Capital Global Opportunities Master Fund, Ltd., a Cayman Islands-based entity, filed a Schedule 13G with the Securities and Exchange Commission (SEC), disclosing a significant stake in Phunware, Inc., a company specializing in enterprise cloud platforms for mobile. The filing indicates that L1 Capital Global Opportunities Master Fund owns 23,212,148 shares of Phunware's common stock, representing 8.3% of the company's total shares outstanding, based on the 280,740,034 shares reported by Phunware as of the same date. The shares owned by L1 Capital do not include an additional 18,500,000 pre-funded warrants exercisable at $0.001 per share, which are subject to a 4.99% beneficial ownership limitation. Directors David Feldman and Joel Arber of L1 Capital Global Opportunities Master Fund may be deemed to beneficially own the reported shares, but they have disclaimed beneficial ownership of these securities for all other purposes. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of Phunware, Inc.
On January 18, 2024, L1 Capital Global Opportunities Master Fund, Ltd., a Cayman Islands-based entity, filed a Schedule 13G with the Securities and Exchange Commission (SEC), disclosing a significant stake in Phunware, Inc., a company specializing in enterprise cloud platforms for mobile. The filing indicates that L1 Capital Global Opportunities Master Fund owns 23,212,148 shares of Phunware's common stock, representing 8.3% of the company's total shares outstanding, based on the 280,740,034 shares reported by Phunware as of the same date. The shares owned by L1 Capital do not include an additional 18,500,000 pre-funded warrants exercisable at $0.001 per share, which are subject to a 4.99% beneficial ownership limitation. Directors David Feldman and Joel Arber of L1 Capital Global Opportunities Master Fund may be deemed to beneficially own the reported shares, but they have disclaimed beneficial ownership of these securities for all other purposes. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of Phunware, Inc.
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