Phunware acquires additional Bitcoin

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AUSTIN, Texas, November 22, 2021 (GLOBE NEWSWIRE) – Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully integrated enterprise cloud platform for mobile that delivers products, solutions, data and services for brands around the world, today announced that it has purchased an additional 398 bitcoins for approximately $ 23.8 million in cash at an average price of approximately $ 59,917 per bitcoin, including fees and expenses.

As of November 22, 2021, Phunware holds a total of approximately 529 bitcoins, which were acquired at an aggregate purchase price of approximately $ 31.8 million and an average purchase price of approximately $ 60,191 per bitcoin. including costs and expenses.

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About Phunware, Inc. Everything You Need to Be Successful on Mobile – Transforming the Digital Human Experience Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), a cloud Award-winning enterprise and fully integrated mobile platform that provides businesses with the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences on a global scale. Phunware’s SDKs include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin and PhunToken) and analytics, as well as a Mobile application framework of pre-integrated iOS and Android software modules for in-house or channel-based mobile application creation and vertical solutions. Phunware helps the world’s most respected brands create mobile experiences that define their category, with approximately one billion active devices touching its platform each month when operating at scale. For more information on how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://phunware.com, https://phunwallet.com, https: / /phuncoin.com, https: //phuntoken.com, https://lytetechnology.com/ and follow @phunware, @phuncoin and @phuntoken on all social media platforms.

Phunware PR & Media Inquiries: [email protected]: (512) 693-4199

Phunware Investor Relations: Matt Glover and John YiGateway Investor Relations Email: [email protected] Phone: (949) 574-3860

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