On June 4, 2024, Phunware, Inc., a technology company listed on the NASDAQ under the symbol PHUN, announced the launch of an at-the-market (ATM) equity offering program. The program, detailed in a prospectus supplement filed with the Securities and Exchange Commission (SEC), allows the company to offer and sell up to $120 million of its common stock from time to time. The equity offering is facilitated through an Equity Distribution Agreement with Canaccord Genuity LLC, acting as the representative of several sales agents. The ATM program does not increase the capacity of the existing shelf registration statement. Phunware also amended its Securities Purchase Agreement to exclude participation rights in subsequent financings related to the ATM program. The announcement emphasizes that this...Show More

On June 4, 2024, Phunware, Inc., a technology company listed on the NASDAQ under the symbol PHUN, announced the launch of an at-the-market (ATM) equity offering program. The program, detailed in a prospectus supplement filed with the Securities and Exchange Commission (SEC), allows the company to offer and sell up to $120 million of its common stock from time to time. The equity offering is facilitated through an Equity Distribution Agreement with Canaccord Genuity LLC, acting as the representative of several sales agents. The ATM program does not increase the capacity of the existing shelf registration statement. Phunware also amended its Securities Purchase Agreement to exclude participation rights in subsequent financings related to the ATM program. The announcement emphasizes that this press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Phunware's mission is to expand its software products and services, leverage its intellectual property, and reintroduce its digital asset ecosystem. The company has cautioned that this press release contains forward-looking statements that involve risks and uncertainties.