Common Stock, par value $0.0001 per share
- Symbol
- PHUN
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 2.05 · 8-K
Phunware, Inc.
PHUNNASDAQEQUITYCurrent
Costs Associated with Exit or Disposal Activities
Item 2.05 Costs Associated with Exit or Disposal Activities. On November 4, 2026, as a result of cost cutting measures, Phunware, Inc. (the "Company") commenced a reduction in force affecting approximately eight (8) full-time employees, representing approximately 26% of the Company's full-time employee workforce.…
Company context
Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions for hospitality, healthcare, and other large property related customers, with integrated intelligent capabilities. We provide businesses with the tools to create, implement, and manage custom mobile applications, analytics, and location-based services. Phunware is transforming mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences.
Current securities
Registered securities in this filing
Phunware, Inc. · 8-K · Filed 2026-11-10
Disclosure sections
Item 2.05Item 2.05 - Costs with Exit or Disposal
Item 2.05 Costs Associated with Exit or Disposal Activities.
On November 4, 2026, as a result of cost cutting measures, Phunware, Inc. (the "Company") commenced a reduction in force affecting approximately eight (8) full-time employees, representing approximately 26% of the Company's full-time employee workforce. In addition, on November 4, 2026, the Company commenced the delivery of notices of termination to approximately nine (9) consultants. Severance costs incurred in connection with the reductions in force are estimated to be approximately $0.4 million. The Company expects the reduction in force to be complete by the end of December 2026 and anticipates annualized cost savings of approximately $2.0 million resulting from the employee and consultant reductions.