PHUN - Why Trump-Linked Phunware Shares Are Falling Today | Benzinga
Phunware, Inc. (NASDAQ:PHUN) shares are trading lower on Tuesday after the company announced a multi-million dollar offering.
The company has entered into an equity distribution agreement with Canaccord Genuity LLC, as representative of the several agents.
Pursuant to the development, the company may offer and sell, from time to time, shares of common stock, par value $0.0001 per share, for aggregate gross proceeds of up to $120 million.
“To clarify, we are not adding incremental overhang to our ...