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Phunware, Inc. issued a statement on July 16, 2026, responding to an open letter and amended Schedule 13D from…
PHUNPhunware, Inc.
Phunware, Inc. issued a statement on July 16, 2026, responding to an open letter and amended Schedule 13D from Goldenwise Capital Group and its principal, Huakun (Richard) Ding. The company rejected Goldenwise's demands for board seats and criticized the shareholder's lack of a credible value creation plan and alleged inaccuracies in its disclosures. Phunware reaffirmed its '2.0 Strategy' and highlighted a debt-free balance sheet with approximately $97.9 million in cash as of March 31, 2026. The company operates as an enterprise software company specializing in mobile app solutions for hospitality, healthcare, and other large property customers.