FAQ

Phunware provides companies with everything they need to succeed on mobile. Phunware's platform, software, data and services give brands the tools to engage, manage and monetize mobile presence with solutions that touch all phases of the mobile application lifecycle.

Phunware is traded on the NASDAQ under the call letters PHUN.

Phunware completed a SPAC merger with Stellar Acquisition III, Inc on December 26, 2018.

Phunware, Inc.
1002 West Avenue
Austin, TX 78701
Phone: (512)-693-4199

December 31

Our independent registered public accounting firm is Marcum LLP.

No, Phunware currently does not pay dividends and does not anticipate paying dividends in the foreseeable future.

No. We do not currently have a direct stock purchase plan.

Continental Stock and Trust
1 State Street, 30th Floor
New York, NY 10004-1561
Phone: (212) 509-4000
E-mail: cstmail@continentalstock.com

You can contact Phunware investor relations at investorrelations@phunware.com or by phone at (512) 693-4199, ext. 0.

You can find additional information about Phunware's offerings via www.phunware.com.

You can find additional information about PhunCoin by Phunware at www.phuncoin.com.

In order to get your shares of PHUN you will need to do the following:

1. Complete the letter of transmittal and substitute Form W-9 that was sent to you earlier in February. If you did not receive it, email reorg@continentalstock.com to request a copy.  International stockholders will need to complete a Form W-8BEN that can be obtained on the IRS’s website.
2. Send the completed forms along with your original share certificates to Continental Stock Transfer & Trust (“CST”) which is our transfer agent for our common stock.
   
   Continental Stock Transfer & Trust Company
   Attn: Reorganization Department
   1 State Street 30th Floor
   New York, New York 10004
   212-509-4000, extension 2378
   reorg@continentalstock.com
3. When the lock up expires on June 26^th, 2019, CST will generate a Direct Registration System (“DRS”) statement that reflects your share ownership. This statement will be delivered to you via US Mail.  You may request an electronic version from CST as well.  This statement (i.e. “DRS”) can be used by your primary broker to retrieve the shares from CST’s system electronically.
4. If you would prefer to receive your shares via DWAC please contact Continental directly. You will need to provide a medallion guaranteed stock power with an instruction letter identifying your broker PRIOR to initiating the request. Please note there is a $100 fee associated with DWAC, but no cost for DRS.

If you are unable to locate your original stock certificate, please contact CST.  Please note that this process will include completing an affidavit and paying a premium to cover the costs of a lost securities bond.  The premium is typically 3% of the market value of your PHUN stock. 

Continental Stock Transfer & Trust Company
Attn: Lost Securities Department
1 State Street 30th Floor
New York, New York 10004
(917) 262-2384 or (212) 509-4000 (Option 3 and then option 5)
lost@continentalstock.com

All Phunware shareholders are subject to a 180 day lock-up. Once the lockup expires, you will be mailed a statement reflecting their share ownership. This statement (i.e. “DRS”) can be used by their primary brokers to retrieve the shares from our system electronically.

$11.50 per share.

The warrants will become exercisable 30 days after the completion of our initial business combination.

Provided that we have an effective registration statement under the Securities Act covering the shares of common stock issuable upon exercise of the warrants and a current prospectus relating to them is available and such shares are registered, qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of the holder.

The S-1 registration statement was marked effective by the SEC on May 14, 2019.

https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001665300&owner=exclude&count=40&hidefilings=0

Once the warrants become exercisable, Phunware may redeem the outstanding warrants in whole at a price of $0.01 per warrant. However, in order to do this the following must occur.

Phunware must provide a minimum of 30 days' prior written notice of redemption, which we refer to as the 30-day redemption period; AND If, and only if, the last sale price of our common stock equals or exceeds $21.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which we send the notice of redemption to the warrant holders.

We will not redeem the warrants unless an effective registration statement under the Securities Act covering the shares of common stock issuable upon exercise of the warrants is effective and a current prospectus relating to those shares of common stock is available throughout the 30-day redemption period.

For more information on the terms of the warrants please reference the link below to the effective S-1 filed on 08.08.2016 and review the terms of the STLRW warrants described in the offering. Please note that when the initial business combination was completed the STLRW warrants were changed to PHUNW.

https://www.sec.gov/Archives/edgar/data/1665300/000121390016016213/fs12016a4_stellaracqiii.htm

Compliance with Regulation SHO began on January 3, 2005. Regulation SHO was adopted to update short sale regulation in light of numerous market developments since short sale regulation was first adopted in 1938 and to address concerns regarding persistent failures to deliver and potentially abusive “naked” short selling.

As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:

• There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
• The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and
• The security is included on a list published by a self-regulatory organization (SRO).

A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.

PHUN and PHUNW appeared on the threshold securities list for the first time on Friday, April 5, 2019.

For more information on Regulation SHO and the threshold securities list please visit www.sec.gov.

ISSUED PATENTS

1. Method and System for Accessing Wireless Account Information (Patent # 7,979,350)
2. Server-Side Wireless Communications Link Support for Mobile Handheld Devices (Patent # 8,009,619)
3. Client-Side Wireless Communications Link Support for Mobile Handheld Devices (Patent # 8,060,594)
4. Server Method and System for Rendering Content on a Wireless Device (Patent # 8,103,865)
5. Method and System for Rendering Content on a Wireless Device (Patent # 8,478,245)
6. Method and System for Rendering Content on a Wireless Device (Patent # 8,989,715)
7. Server Method and System for Executing Applications on a Wireless Device (Patent # 8,560,601)
8. Methods and Systems for Interactive User Interface Objects (Patent # 8,732,619)
9. Enterprise Branded Application Frameworks for Mobile and Other Environments (Patent # 8,788,358)
10. Geo-Fence Entry and Exit Notification System (Patent # 8,812,024)
11. Geo-Fence Entry and Exit Notification System (Patent # 8,812,027)
12. Method and System for Customizing Content on a Server for Rendering on a Wireless Device (Patent # 9,015,692)
13. Systems and Methods for Indoor and Outdoor Mobile Device navigation (Patent # 9,766,080)
14. Monitoring Outdoor and Indoor Regions with Mobile Devices (Patent # 10,038,972)
15. Systems and Methods for Enterprise Branded Application Frameworks for Mobile and Other Environments (Patent # 9,965,775)
16. Mobile Device Localization Based on Relative Received Signal Strength Indicators (Patent # 10,254,378)

PENDING PATENTS

We have 6 pending patent applications with the USTPO.