Phunware, Inc. has announced a 1-for-50 reverse stock split, set to take effect before the market opens on February 27, 2024. Following the reverse split, each existing Phunware Common Share will be converted into 0.02 new Phunware Common Shares. Concurrently, the option symbol for Phunware will change from PHUN to PHUN1. The new CUSIP number for Phunware will be 71948P209. The pricing for the new PHUN1 will be based on the 0.02 multiplier applied to the existing PHUN shares. This corporate event will also result in adjustments to options contracts, with the new deliverable per contract being 2 new Phunware Common Shares, and the new multiplier for premium or strike dollar extensions set at 100.

Phunware, Inc. has announced a 1-for-50 reverse stock split, set to take effect before the market opens on February 27, 2024. Following the reverse split, each existing Phunware Common Share will be converted into 0.02 new Phunware Common Shares. Concurrently, the option symbol for Phunware will change from PHUN to PHUN1. The new CUSIP number for Phunware will be 71948P209. The pricing for the new PHUN1 will be based on the 0.02 multiplier applied to the existing PHUN shares. This corporate event will also result in adjustments to options contracts, with the new deliverable per contract being 2 new Phunware Common Shares, and the new multiplier for premium or strike dollar extensions set at 100.