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An announcement from Phunware Inc (PHUN) is now available.
Phunware, Inc. has announced a one-for-fifty reverse stock split, set to take effect on February 26, 2024. This strategic move will not issue fractional shares but will grant whole shares to stockholders who would otherwise receive a fraction. Adjustments will also be made to the company’s equity plans and outstanding equity awards. The common stock, under the same ticker “PHUN,” will begin trading on a split-adjusted basis on February 27, 2024, with a new CUSIP number. Shareholders need not take action as adjustments will be made automatically, especially for those holding shares electronically or through brokers.
For a thorough assessment of PHUN stock, go to TipRanks’ Stock Analysis page.
