Phunware Announces Structured Financing Transaction for Issuance of Senior Convertible Notes
Phunware, Inc. (PHUN)
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, announced today that it has entered into a financing transaction for the issuance of a series of senior convertible notes of the Company, in the aggregate original principal amount of $3 million (the “Notes”) with a maturity date of December 31, 2021, pursuant to a Securities Purchase Agreement by and among the Company and an institutional investor (the “Securities Purchase Agreement”). Upon closing of the sale of the Notes (the “Closing”), the Company is expected to receive gross cash proceeds of $2.760 million. Canaccord Genuity acted as sole placement agent (the “Placement Agent”) in the transaction. The Company will receive approximately $2.564 million in net proceeds at Closing, after deducting placement agent fees payable to the Placement Agent and Buyer’s counsel in c
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- Phunware, Inc. (NASDAQ: PHUN) had its price target lowered by analysts at Ascendiant Capital Markets from $20.00 to $13.00. They now have a "buy" rating on the stock.MarketBeat
PHUN
Earnings
- 11/7/24 - Beat
PHUN
Sec Filings
- 11/26/24 - Form 4
- 11/26/24 - Form 4
- 11/26/24 - Form 4
- PHUN's page on the SEC website