Phunware Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)
2023年11月15日 - 9:00AM
Phunware, Inc. (NASDAQ: PHUN) (the “Company”), the pioneer of
patented Location Based SaaS solutions that offer the only fully
integrated enterprise cloud platform for mobile that enables brands
to engage, manage and monetize anyone anywhere, today announced
that it made an inducement grant to Mr. Michael Snavely in
connection with his employment as Phunware’s Chief Revenue Officer,
effective September 12, 2023. Such grant was made under the
Phunware, Inc. 2023B Inducement Plan, which was approved and
adopted on November 10, 2023 by Phunware’s Board of Directors. The
Board granted Mr. Snavely an aggregate of 600,000 restricted stock
units under the Inducement Plan. The grant was included in Mr.
Snavely’s employment agreement described in the Form 8-K filed by
Phunware with the SEC on September 8, 2023.
The grant was approved by Phunware’s
Compensation Committee on November 10, 2023 pursuant to a
delegation by the Board and was issued as an equity grant pursuant
to Nasdaq Listing Rule 5635(c)(4), as an inducement material to Mr.
Snavely entering into employment with Phunware. The restricted
stock units granted are subject to a vesting on February 23, 2024,
with the restricted stock units vesting on that date, subject to
Mr. Snavely’s continued employment.
Subsequent to his employment as Chief Revenue
Officer, Mr. Snavely has since been appointed to serve as
Phunware’s Chief Executive Officer effective October 25, 2023.
About Phunware
Phunware, Inc. (NASDAQ: Phunware) offers
integrated software platforms that equip companies with the
products, solutions, data, and services necessary to engage,
manage, and monetize their mobile application audiences globally at
scale. Our products and services include cloud-based mobile
software development kits (SDKs); cloud-based vertical solutions;
offering application transactions, including re-occurring and
one-time transactional media purchases for application discovery,
user acquisition and audience building, audience engagement, and
audience monetization; and pre-packaged and custom high-end
personal computer systems for gaming, streaming, and cryptocurrency
mining enthusiasts. We were founded in 2009 and headquartered in
Austin, Texas. For further information about Phunware and our
products, please visit https://www.phunware.com/.
Investor Contact:
Gateway Investor RelationsMatt Glover and John
Yi+1 (949) 574-3860investorrelations@phunware.com
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