Phunware to implement 1-for-50 reverse stock split

Phunware announced that on February 26, 2024, the Company will implement a 1-for-50 reverse stock split of its issued and outstanding common stock, par value $0.0001 per share. The reverse stock split will be effective as of 5 PM Eastern Time on February 26, 2024, and the Company’s common stock will trade on a post-split adjusted basis as of the commencement of trading on February 27, 2024, under the existing trading symbol “PHUN.” The CUSIP number for the Company’s common stock following the reverse stock split will be 71948P 209.