Robinhood revenue misses expectations, shares sink


Why Phunware Shares Are Falling

Phunware Inc (NASDAQ: PHUN) shares are trading lower after a company filing showed registration for a roughly $48.5 million share common stock shelf offering. The SEC filing from Phunware states: “We have previously entered into an At Market Issuance Sales Agreement, or the Sales Agreement, with B. Riley Securities, Inc., or B. Riley, relating to the offer and sale of shares of our Common Stock, par value $0.0001 per share, offered by this prospectus supplement through or to B. Riley as our agen

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