PHUN - InvestorNewsBreaks - Phunware Inc. (NASDAQ: PHUN) Announces Public Offering of Common Stock
Phunware (NASDAQ: PHUN) is 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. The company recently announced the pricing of its public offering of 40.0 million shares of common stock at $0.25 per share. At this price, the company expected to raise $10.0 million in gross proceeds from the offering, from which it intends to use the net for working capital and other general corporate purposes, including expanding its product initiatives, such as monetization of its patent portfolio, PhunCoin and PhunToken. The company may also use the proceeds to fund strategic opportunities that may present themselves from time to time.
To view the full press release, visit https://ibn.fm/3VbDR
About Phunware Inc.
Phunware’s mission is to achieve unparalleled connectivity and monetization through widespread adoption of Phunware technologies, by leveraging brands, mobile consumers, partners and digital asset holders and market participants. With the activation of Phunware 3.0, Phunware is poised to expand its software products and services audience and verticals, utilize and monetize its patents and other intellectual property rights and interests, and update and reintroduce its digital asset ecosystem for existing holders and new market participants.
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