PhunwareFiles For Common Stock Offering Of Up To $120M
Portfolio Pulse from Benzinga Newsdesk
Phunware has filed for a common stock offering of up to $120 million, according to an SEC filing.
June 04, 2024 | 12:07 pm
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Phunware has filed for a common stock offering of up to $120 million, which could lead to dilution of existing shares and impact the stock price.
The filing for a common stock offering indicates that Phunware is looking to raise capital, which could lead to dilution of existing shares. This is generally perceived negatively by investors in the short term, as it can decrease the value of existing shares.
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