Phunware Ends $30 Million Stock Sale Agreement

Phunware ( (PHUN) ) has shared an update.

Phunware, Inc. terminated its Purchase Agreement with Lincoln Park Capital Fund, LLC, which allowed the sale of up to $30 million in common stock. Over the agreement’s term, Phunware sold 164,106 shares, generating approximately $978,000 in proceeds. Termination was effective on October 25, 2024, with some provisions remaining in effect.

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