Phunware is the pioneer of Multiscreen as a Service (MaaS) – the only fully integrated services platform that enables brands to engage, manage and monetize their anytime anywhere users.
At this time of year we always have so much to be thankful for with our business … where it started … where it now is … and the amazingly bright and exciting future that we collectively have ahead of ourselves rolling forward.
In the last several weeks we have the following mass market public recognitions for Phunware to be extremely thankful for:
Clearly our thankfulness starts with our sincere appreciation and gratitude to each of you for your tireless support and assistance in all that we do on your collective behalf … so I wanted to say THANK YOU on behalf of our board of directors, our employees and our executive team alike.
In parallel … I also wanted to inform you that we have a unique short-term opportunity for you and your colleagues to participate in a $ 10M “Phriends & Phamily” convertible bridge as a prelude to our pursuit of the public markets over the coming quarters ahead.
Last Friday our Board of Directors completed an in-person board meeting here in Austin and as one outcome from that meeting we authorized this investment opportunity in our business to kick-off our desired go public efforts that will occur thereafter.
While we will not kick things off formally until December 1st … I wanted to give you all an early advanced heads up so that each of you would be aware that this is both pending and imminent.
During our Series F round earlier this year we were simply unable to take all of the interest that we had from our existing and new investors. At that time I promised that we would ultimately have an opportunity for everyone to participate if and as desired … and that time is officially now. J
We are hosting our Phunware Annual Investor Meeting on Wednesday, December 10th, from 2-5pm Central followed by a Happy Hour thereafter for those that are able to participate.
In the interim, however, we will be starting this process and opening a window for all parties that want to participate in our equity financing pre IPO so that we can allow folks to get involved in Phunware at an advantageous rate before we get priced either publicly or privately.