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home / news releases / PHUN - Phunware shares dip 8% on capital raise


PHUN - Phunware shares dip 8% on capital raise

Phunware (PHUN) slips 8% premarket after pricing its public offering of ~11.1M common shares at $2.25/share, for expected gross proceeds of ~$25M.Underwriters' over-allotment is an additional ~1.7M shares. Net proceeds will be used to redeem outstanding debt and for working capital and general corporate purposes.Closing date is February 17.Previously (Feb. 12): Phunware shares down on announcing equity raise

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Phunware shares dip 8% on capital raise
Stock Information

Company Name: Phunware Inc.
Stock Symbol: PHUN
Market: NASDAQ
Website: phunware.com

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