Reverse Merger (Details) - USD ($) $ in Thousands |
1 Months Ended | 3 Months Ended |
---|---|---|
Feb. 27, 2018 |
Mar. 31, 2019 |
|
Reverse Merger (Textual) | ||
Issuance of private placement warrants | 2,211,572 | |
Note Warrant [Member] | ||
Reverse Merger (Textual) | ||
Transfer Sponsor Warrants, description | As consideration for the Transfer Sponsor Warrants transferred to Phunware shareholders, a promissory note was issued to the Sponsors (the "Transfer Sponsor Warrant Note"). The amount of the note was approximately $1,993, which represented $0.50 per warrant transferred to former stockholders of Phunware. The Transfer Sponsor Warrant Note bore no interest and was to mature on December 26, 2019. Shareholders of Phunware forfeited 187,188 shares to receive 3,985,244 Transfer Sponsor Warrants. On January 15, 2019, the Transfer Sponsor Warrant Note was waived and forgiven by the noteholders. | |
Merger Agreement [Member] | ||
Reverse Merger (Textual) | ||
Cash | $ 301,000 | |
Warrants to purchase common stock | 3,985,244 | |
Merger consideration, description | The per share Merger Consideration paid to Phunware Stockholders was 0.459 shares of Successor stock for each share of Phunware Stock. | |
Transaction costs | $ 400 | |
Business combination, description | In addition, 6,000 shares for aggregate cash proceeds of $6.0 million from the Series A 8% convertible preferred stock financing ("Series A Financing") were issued in conjunction with the Reverse Merger and Recapitalization. In connection with the Series A Financing, certain Stellar shareholders transferred an aggregate of 250,000 shares of Stellar common stock and 250,000 warrants to purchase shares of Stellar common stock to the Series A Financing investor, and 181,391 shares to certain service providers. |