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Phunware, Inc., a company listed on the NASDAQ Capital Market under the symbol PHUN, has been notified by Nasdaq of its decision to delist the company's common stock due to the stock's closing bid price falling to $0.10 or less for ten consecutive trading days as of December 20, 2023. The company received the delisting notice on December 21, 2023, and has until December 28, 2023, to appeal the decision. Phunware submitted a timely request for a hearing before the Nasdaq Hearings Panel on December 22, 2023, which was granted, with the hearing scheduled for March 19, 2024. The delisting is stayed pending the Panel's final decision post-hearing. In parallel, on December 22, 2023, Ryan Costello announced his resignation from Phunware's board of directors and all associated committees, effective December 31, 2023. His departure is not due to any disagreements with the company's operations or practices. Following his resignation, the board will consist of three directors, with only two being independent under Nasdaq rules, and the Audit Committee will have two independent directors.
Phunware, Inc., a company listed on the NASDAQ Capital Market under the symbol PHUN, has been notified by Nasdaq of its decision to delist the company's common stock due to the stock's closing bid price falling to $0.10 or less for ten consecutive trading days as of December 20, 2023. The company received the delisting notice on December 21, 2023, and has until December 28, 2023, to appeal the decision. Phunware submitted a timely request for a hearing before the Nasdaq Hearings Panel on December 22, 2023, which was granted, with the hearing scheduled for March 19, 2024. The delisting is stayed pending the Panel's final decision post-hearing. In parallel, on December 22, 2023, Ryan Costello announced his resignation from Phunware's board of directors and all associated committees, effective December 31, 2023. His departure is not due to any disagreements with the company's operations or practices. Following his resignation, the board will consist of three directors, with only two being independent under Nasdaq rules, and the Audit Committee will have two independent directors.
納斯達克已通知PHUNWARE, Inc. 是一家在納斯達克資本市場上市的公司，股票代碼爲PHUN，該公司決定將該公司的普通股退市，原因是截至2023年12月20日，該股的收盤出價連續十個交易日跌至0.10美元或以下。該公司於2023年12月21日收到除名通知，並且必須在2023年12月28日之前對該決定提出上訴。Phunware於2023年12月22日及時向納斯達克聽證會小組提交了聽證會請求，該請求獲得批准，聽證會定於2024年3月19日舉行。暫緩除名，等待專家小組在聽證後作出最終決定。同時，瑞安·科斯特洛於2023年12月22日宣佈辭去Phunware董事會和所有關聯委員會的職務，自2023年12月31日起生效。他的離職不是由於與公司的運營或做法有任何分歧。他辭職後，董事會將由三名董事組成，根據納斯達克的規定，只有兩名董事是獨立的，審計委員會將有兩名獨立董事。
納斯達克已通知PHUNWARE, Inc. 是一家在納斯達克資本市場上市的公司，股票代碼爲PHUN，該公司決定將該公司的普通股退市，原因是截至2023年12月20日，該股的收盤出價連續十個交易日跌至0.10美元或以下。該公司於2023年12月21日收到除名通知，並且必須在2023年12月28日之前對該決定提出上訴。Phunware於2023年12月22日及時向納斯達克聽證會小組提交了聽證會請求，該請求獲得批准，聽證會定於2024年3月19日舉行。暫緩除名，等待專家小組在聽證後作出最終決定。同時，瑞安·科斯特洛於2023年12月22日宣佈辭去Phunware董事會和所有關聯委員會的職務，自2023年12月31日起生效。他的離職不是由於與公司的運營或做法有任何分歧。他辭職後，董事會將由三名董事組成，根據納斯達克的規定，只有兩名董事是獨立的，審計委員會將有兩名獨立董事。
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