Phunware Engages ShareIntel to Monitor Trading Activity for PHUN
Leading Shareholder Intelligence Services to Capture Market Participants and Share Ownership Data to Monitor for Compliance with FINRA and SEC Regulations
AUSTIN, Texas--(BUSINESS WIRE)-- Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced that it has engaged ShareIntel - Shareholder Intelligence Services to track market participants and analyze share ownership data in its publicly traded Common Stock (“PHUN”) on Nasdaq for FINRA and SEC market compliance.
“Leveraging ShareIntel’s patented processes and proprietary analytics, we can investigate reporting anomalies among market makers, banks, broker-dealers and clearing firms,” said Matt Aune, Chief Financial Officer of Phunware. “In addition, we will also be able to track share ownership and identify any suspicious, aberrant and or unusual trading activity, continuing our commitment to protect our investors and maximize shareholder value.”
ShareIntel offers unprecedented access and insight into broker-dealer, clearing firm and shareholder position movement. ShareIntel utilizes a patented process called DRIL-Down™ to aggregate and analyze repository data from reporting entities, broker-dealers and shareholders. This enables Phunware to proactively track shareholder ownership, identify parties to suspicious, aberrant or unusual trading activity and deploy corrective action steps to help curtail such activity.
“ShareIntel tracks and monitors critical broker-dealer and shareholder movements,” said David Wenger, President and Chief Executive Officer of ShareIntel. “We look forward to helping Phunware identify parties to potential abusive short selling, implement action plans to mitigate such activity, help maximize shareholder ownership transparency and facilitate effective shareholder outreach.”
“We have a talented team and are working tirelessly on behalf of our customers, partners and shareholders,” said Aune. “We feel it is very important for our stakeholders that we capture all relevant data specific to the trading and settlement of our securities, so that we can ensure that those brokering and trading our stock are compliant with FINRA and SEC rules and regulations governing short selling. Our collaboration with ShareIntel will help us to identify and take appropriate action with regard to any bad actors manipulating our securities, harming our shareholders or otherwise inhibiting the appropriate trading and settlement of our securities.”
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About Phunware, Inc.
Everything You Need to Succeed on Mobile — Transforming Digital Human Experience
Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale. Phunware’s Software Development Kits (SDKs) include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin & Phun) and analytics, as well as a mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application and vertical solutions. Phunware helps the world’s most respected brands create category-defining mobile experiences, with more than one billion active devices touching its platform each month. For more information about how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://www.phunware.com, https://www.phuncoin.com, https://www.phuntoken.com, and follow @phunware, @phuncoin and @phuntoken on all social media platforms.
ShareIntel offers unprecedented access and insight into broker-dealer, clearing firm and shareholder position movements. ShareIntel utilizes a patented process called DRIL-Down™ to aggregate and analyze repository data from reporting entities, broker-dealers and shareholders. For more information visit www.shareintel.com.
Source: Phunware, Inc.
Released July 26, 2019