Phunware Announces Purchase Agreement For Up To $30M With Lincoln Park Capital Fund Over A 24-Month Period; Phunware To Control Timing And Amount Of Any Sales With No Upper Limits To The Price
Portfolio Pulse from Benzinga Newsdesk
Phunware has announced a purchase agreement with Lincoln Park Capital Fund for up to $30M over a 24-month period. Phunware will control the timing and amount of any sales with no upper limits to the price.
August 24, 2023 | 8:15 pm
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Phunware's agreement with Lincoln Park Capital Fund could provide a significant financial boost over the next two years.
The agreement allows Phunware to control the timing and amount of any sales, which could provide a significant financial boost. This could potentially lead to a positive impact on the company's stock price in the short term.
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