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Phunware | 8-K: Phunware Announces 1-for-50 Reverse Stock Split Effective February 26, 2024

Phunware | 8-K:Phunware宣佈2024年2月26日起以1:50的比例進行反向股票拆分

SEC announcement ·  02/29 05:04
牛牛AI助理已提取核心訊息
Phunware, Inc., a pioneer in Location Based SaaS solutions, announced the implementation of a 1-for-50 reverse stock split of its common stock, effective 5 PM Eastern Time on February 26, 2024. The reverse stock split is intended to increase the market price per share to regain compliance with the Nasdaq Capital Market's minimum bid continued listing requirement. The company's common stock will begin trading on a post-split adjusted basis on February 27, 2024, under the existing trading symbol 'PHUN'. The par value and rights of the common stock will remain unchanged, and the number of authorized shares will not be altered. Stockholders will not receive fractional shares; instead, they will be rounded up to the nearest whole share. The reverse stock split was approved by the Board following authorization from the stockholders at the annual meeting on December 20, 2023. Post-split, Phunware will have approximately 8 million shares of common stock issued and outstanding. The company's transfer agent, Continental Stock Transfer & Trust Company, will act as the exchange agent for the reverse stock split.
Phunware, Inc., a pioneer in Location Based SaaS solutions, announced the implementation of a 1-for-50 reverse stock split of its common stock, effective 5 PM Eastern Time on February 26, 2024. The reverse stock split is intended to increase the market price per share to regain compliance with the Nasdaq Capital Market's minimum bid continued listing requirement. The company's common stock will begin trading on a post-split adjusted basis on February 27, 2024, under the existing trading symbol 'PHUN'. The par value and rights of the common stock will remain unchanged, and the number of authorized shares will not be altered. Stockholders will not receive fractional shares; instead, they will be rounded up to the nearest whole share. The reverse stock split was approved by the Board following authorization from the stockholders at the annual meeting on December 20, 2023. Post-split, Phunware will have approximately 8 million shares of common stock issued and outstanding. The company's transfer agent, Continental Stock Transfer & Trust Company, will act as the exchange agent for the reverse stock split.
基於位置的SaaS解決方案的先驅Phunware, Inc. 宣佈實施普通股的1比50反向拆分,自美國東部時間2024年2月26日下午5點起生效。反向股票拆分旨在提高每股市場價格,以重新遵守納斯達克資本市場的最低出價繼續上市要求。該公司的普通股將於2024年2月27日開始在拆分後調整後的基礎上交易,現有交易代碼爲 “PHUN”。普通股的面值和權利將保持不變,授權股票的數量不會改變。股東不會獲得部分股份;相反,他們將被四捨五入到最接近的整數。在2023年12月20日的年會上,經股東授權,董事會批准了反向股票拆分。拆分後,Phunware將發行和流通約800萬股普通股。該公司的過戶代理人大陸股票轉讓與信託公司將擔任反向股票拆分的交易代理。
基於位置的SaaS解決方案的先驅Phunware, Inc. 宣佈實施普通股的1比50反向拆分,自美國東部時間2024年2月26日下午5點起生效。反向股票拆分旨在提高每股市場價格,以重新遵守納斯達克資本市場的最低出價繼續上市要求。該公司的普通股將於2024年2月27日開始在拆分後調整後的基礎上交易,現有交易代碼爲 “PHUN”。普通股的面值和權利將保持不變,授權股票的數量不會改變。股東不會獲得部分股份;相反,他們將被四捨五入到最接近的整數。在2023年12月20日的年會上,經股東授權,董事會批准了反向股票拆分。拆分後,Phunware將發行和流通約800萬股普通股。該公司的過戶代理人大陸股票轉讓與信託公司將擔任反向股票拆分的交易代理。

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