Phunware Announces Closing of $2.8 Million Public Offering
AUSTIN, Texas, Dec. 11, 2023 (GLOBE NEWSWIRE) — Phunware, Inc. (Nasdaq:PHUN, “Phunware”), the pioneer of patented Location Based SaaS solutions and other products that offer the only fully integrated enterprise cloud platform for mobile that enables brands to engage, manage and monetize anyone anywhere, today announced that it closed its previously announced public offering of approximately 46.7 million shares of common stock (or pre-funded warrants in lieu thereof) at a price of $0.06 per share. All of the shares of common stock (and pre-funded warrants in lieu thereof) were offered by Phunware pursuant to an effective shelf registration statement on Form S-3 (File No. 333-262461) (the “Registration Statement”).