Phunware, Inc. Annual report pursuant to Section 13 and 15(d)

Trust Account and Fair Value Measurements (Tables)

12 Months Ended

Nov. 30, 2017

	Carrying Value		Gross Unrealized Holding Losses			Quoted prices in Active Markets (Level 1)
U.S. Government Treasury Securities as of November 30, 2017 (maturing on February 22, 2018)	$	71,215,004	$	(14,157	)	$	71,229,161
U.S. Government Treasury Securities as of November 30, 2016	$	70,441,676	$	(5,598	)	$	70,436,078