Phunware (PHUN) Stock: Why The Price Fell Today

By Amit Chowdhry ● Feb 2, 2022
  • The stock price of Phunware Inc (NASDAQ: PHUN) fell by 4.66% today. This is why it happened.

The stock price of Phunware Inc (NASDAQ: PHUN) fell by 4.66% today. Investors are responding negatively to Phunware filing a $200 mixed shelf of common stock, preferred, stock, warrants, and units.

The company said it will retain broad discretion over the use of the net proceeds from the sale of the securities offered. And they intend to use the net proceeds from the sale of the securities offered for working capital and other general corporate purposes of Phunware and their subsidiaries.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.