Phunware Tumbled Over 63% in Extended Trading After Pricing 87.5M Share Offering at $0.08 Per Share

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Phunware Tumbled Over 63% in Extended Trading After Pricing 87.5M Share Offering at $0.08 Per Share

StreetInsider01-17

Phunware, Inc. (Nasdaq: PHUN, “Phunware”) today announced that it has entered into a definitive agreement for the issuance and sale of approximately 87,500,000 million shares of common stock (or pre-...

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3nn
·01-17
Penny crap
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Mr. T
·01-17
This garbage stock is doomed
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Phunware intends to use the net proceeds from the sale of shares of common stock (or pre-funded warrants in lieu thereof) for working capital and other general corporate purposes, including expansion of its product initiatives, such as monetizing its patent portfolio, PhunCoin and PhunToken. Phunware may also fund strategic opportunities that may present themselves from time to time but does not have any pending opportunities at this time.The Registration Statement relating to, among other things, the shares of common stock, the pre-funded warrants and the shares of common stock underlying the pre-funded warrants to be issued in the proposed offering was filed with the Securities and Exchange Commission (the \"SEC\") on February 1, 2022, and declared effective by the SEC on February 9, 2022. 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A prospectus supplement will be filed with the Securities and Exchange Commission and, when available, copies of the prospectus supplement and accompanying base prospectus may be obtained from Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, (800) 678-9147 or by accessing the SEC's website, www.sec.gov.Before investing in this offering, interested parties should read in their entirety the Registration Statement and the accompanying base prospectus and the other documents that Phunware has filed with the SEC and that are incorporated by reference in such Registration Statement and the accompanying base prospectus, which provide more information about Phunware and such offering.Stocks tumbled over 63% in extended trading on Tuesday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":264133301411896,"gmtCreate":1705505105432,"gmtModify":1705505110163,"author":{"id":"3573976216768090","authorId":"3573976216768090","name":"3nn","avatar":"https://static.tigerbbs.com/303b8f037330070d95adf2f11d86d23a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573976216768090","authorIdStr":"3573976216768090"},"htmlText":"Penny crap&nbsp;","listText":"Penny crap&nbsp;","text":"Penny crap","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/264133301411896","repostId":2404845558,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":263883237724296,"gmtCreate":1705460268781,"gmtModify":1705461395585,"author":{"id":"3580699589385230","authorId":"3580699589385230","name":"Mr. T","avatar":"https://static.tigerbbs.com/ffcbb09604bf679c78d4b172e4ad0c39","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3580699589385230","authorIdStr":"3580699589385230"},"htmlText":"This garbage stock is doomed&nbsp;","listText":"This garbage stock is doomed&nbsp;","text":"This garbage stock is doomed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/263883237724296","repostId":2404845558,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":3,"commentSize":2,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}