NetworkNewsBreaks – Phunware Inc. (NASDAQ: PHUN) Secures $26.5M in Underwritten Public Offering
Phunware (NASDAQ: PHUN), a fully integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, has closed an underwritten public offering of 11,761,111 shares of common stock. According to the update, Phunware secured approximately $26.5 million in gross proceeds, with each of the shares sold at the public offering price of $2.25. The company intends to use the proceeds to satisfy obligations to redeem outstanding convertible debt and for working capital and general corporate purposes. Roth Capital Partners (“ROTH”) acted as joint book-running manager for the offering. For more information, visit www.Phunware.com About Phunware…







