Phunware, Inc. — Major Shareholding Notification 2021

Feb 22, 2021

SC 13G 1 phun-sc13g_021221.htm ACQUISITION OF BENEFICIAL OWNERSHIP

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

| Phunware,
Inc. |
| --- |
| (Name
of Issuer) |
| Common
Stock, par value $0.0001 per share |
| (Title
of Class of Securities) |
| 71948P100 |
| (CUSIP
Number) |
| February
12, 2021 |
| (Date
of Event Which Requires Filing of this Statement) |

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

| ☐ | Rule
13d-1(b) |
| --- | --- |
| ☒ | Rule
13d-1(c) |
| ☐ | Rule
13d-1(d) |

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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CUSIP No . 71948P100

| 1 | NAME
OF REPORTING PERSONS Altium Capital Management, LP I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EIN: 82-2066653 | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a)
☐ (b) ☒ |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION Delaware,
United States of America | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE
VOTING 0 |
| | 6 | SHARED
VOTING POWER 3,696,867
shares of Common Stock |
| | 7 | SOLE
DISPOSITIVE POWER 0 |
| | 8 | SHARED
DISPOSITIVE POWER 3,696,867
shares of Common Stock |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,696,867
shares of Common Stock | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.4% (1) | |
| 12 | TYPE
OF REPORTING PERSON IA,
PN | |

---

(1) Based on 69,157,888 shares of Common Stock outstanding as set forth in the Issuer’s Prospectus Supplement 424(b)(5) dated February 12, 2021 filed with the Securities and Exchange Commission on February 12, 2021.

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CUSIP No . 71948P100

| 1 | NAME
OF REPORTING PERSONS Altium Growth Fund, LP I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EIN: 82-2105101 | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a)
☐ (b) ☒ |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION Delaware,
United States of America | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE
VOTING 0 |
| | 6 | SHARED
VOTING POWER 3,696,867
shares of Common Stock |
| | 7 | SOLE
DISPOSITIVE POWER 0 |
| | 8 | SHARED
DISPOSITIVE POWER 3,696,867
shares of Common Stock |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,696,867
shares of Common Stock | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.4% (1) | |
| 12 | TYPE
OF REPORTING PERSON PN | |

---

(1) Based on 69,157,888 shares of Common Stock outstanding as set forth in the Issuer’s Prospectus Supplement 424(b)(5) dated February 12, 2021 filed with the Securities and Exchange Commission on February 12, 2021.

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CUSIP No . 71948P100

| 1 | NAME
OF REPORTING PERSONS Altium Growth GP, LLC I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) EIN: 82-2086430 | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a)
☐ (b) ☒ |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION Delaware,
United States of America | |
| NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE
VOTING 0 |
| | 6 | SHARED
VOTING POWER 3,696,867
shares of Common Stock |
| | 7 | SOLE
DISPOSITIVE POWER 0 |
| | 8 | SHARED
DISPOSITIVE POWER 3,696,867
shares of Common Stock |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,696,867
shares of Common Stock | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES | ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.4% (1) | |
| 12 | TYPE
OF REPORTING PERSON OO | |

---

(1) Based on 69,157,888 shares of Common Stock outstanding as set forth in the Issuer’s Prospectus Supplement 424(b)(5) dated February 12, 2021 filed with the Securities and Exchange Commission on February 12, 2021.

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CUSIP No. 71948P100

Item 1(a). Name of Issuer: Phunware Inc. (the “Issuer”)

Item 1(b). Address of Issuer’s Principal Executive Offices: 7800 Shoal Creek Boulevard, Suite 230-S Austin, Texas 78757

| Item
2(a). | Name
of Person Filing: This
statement is jointly filed by and on behalf of each of Altium Growth Fund, LP (the “Fund”), Altium Capital
Management, LLC, and Altium Growth GP, LLC. The Fund is the record and direct beneficial owner of the securities covered
by this statement. Altium Capital Management, LP is the investment adviser of, and may be deemed to beneficially own securities,
owned by, the Fund. Altium Growth GP, LLC is the general partner of, and may be deemed to beneficially own securities
owned by, the Fund. Each
reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission
that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner
of any securities covered by this statement. Each
of the reporting persons may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer
for the purposes of Section 13(d) or 13(g) of the Act. Each of the reporting persons declares that neither the filing
of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section
13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other
person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing
of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of
any group with respect to the Issuer or any securities of the Issuer. |
| --- | --- |
| Item
2(b). | Address
of Principal Business Office or, if None, Residence: |
| | The
address of the principal business office of each of the reporting persons is 152 West 57th Street, FL 20, New York, NY 10019 |
| Item
2(c). | Citizenship: |
| | See
Item 4 on the cover page(s) hereto. |
| Item
2(d). | Title
of Class of Securities: |
| | Common
Stock, par value $0.0001 per share (“Common Stock”) |
| Item
2(e). | CUSIP
Number: 71948P100 |

| Item
3. — (a) | ☐ | Broker
or dealer registered under Section 15 of the Act (15 U.S.C. 78o). |
| --- | --- | --- |
| (b) | ☐ | Bank
as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). |

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CUSIP No. 71948P100

| (c) | ☐ | Insurance
company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). |
| --- | --- | --- |
| (d) | ☐ | Investment
company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| (e) | ☐ | An
investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) | ☐ | An
employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| (g) | ☐ | A
parent holding company or control person in accordance with §240.13d-1(b)(ii)(G); |
| (h) | ☐ | A
savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | ☐ | A
church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company
Act (15 U.S.C. 80a-3); |
| (j) | ☐ | Group,
in accordance with §240.13d-1(b)(1)(ii)(J). |

| Item
4. |
| --- |
| Provide
the following information regarding the aggregate number and percentage of the class of securities of the issuer identified
in Item 1. The
information as of the date of the event which requires filing of this statement required by Items 4(a) – (c) is set forth
in Rows 5 – 11 of the cover page for each Reporting Person listed above and is incorporated by reference for each such Reporting
Person. The percentage set forth in Row 11 of the cover page for each Reporting Person is based on 69,157,888 shares of Common
Stock outstanding as set forth in the Issuer’s Prospectus Supplement 424(b)(5) dated February 12, 2021 filed with the Securities
and Exchange Commission on February 12, 2021. |

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CUSIP No . 71948P100

| Item
5. | Ownership
of Five Percent or Less of a Class. |
| --- | --- |
| | If
this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following ☐ |
| Item 6. | Ownership of
More than Five Percent on Behalf of Another Person. |
| | Not applicable |
| Item 7. | Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control
Person. |
| | Not applicable |
| Item 8. | Identification
and Classification of Members of the Group. |
| | Not applicable |
| Item 9. | Notice of Dissolution
of Group. |
| | Not applicable |
| Item 10. | Certification. |

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

| Dated: | February
22, 2021 |
| --- | --- |
| Altium Capital Management, LP | |
| By: | /s/
Jacob Gottlieb |
| Name: | Jacob Gottlieb |
| Title: | CEO |
| Altium
Growth Fund, LP By:
Altium Growth GP, LLC Its:
General Partner | |
| Signature: | /s/
Jacob Gottlieb |
| Name: | Jacob Gottlieb |
| Title: | Managing Member
of Altium Growth GP, LLC |
| Altium Growth GP, LLC | |
| By: | /s/
Jacob Gottlieb |
| Name: | Jacob Gottlieb |
| Title: | Managing Member |

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EXHIBIT INDEX

EXHIBIT 1:
Members of Group

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