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Phunware Rescinds Agreement with Executive Chairman

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Phunware Rescinds Agreement with Executive Chairman

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Phunware ( (PHUN) ) has issued an announcement.

Phunware, Inc. appointed Rahul Mewawalla as Executive Chairman and Chief AI Architect on July 13, 2025, to provide executive advisory and AI services. However, after forming a Special Committee on August 4, 2025, the company decided to rescind the agreement with Mr. Mewawalla due to new information, notifying him of the rescission on August 7, 2025.

The most recent analyst rating on (PHUN) stock is a Buy with a $4.50 price target. To see the full list of analyst forecasts on Phunware stock, see the PHUN Stock Forecast page.

Spark’s Take on PHUN Stock

According to Spark, TipRanks’ AI Analyst, PHUN is a Underperform.

Phunware’s overall score reflects significant financial challenges and weak technical indicators. The company’s persistent losses, negative cash flows, and reliance on external financing raise concerns about its long-term viability. Although the appointment of a new COO could improve operations, it does not sufficiently offset the current negative financial and technical outlook.

To see Spark’s full report on PHUN stock, click here.

More about Phunware

Average Trading Volume: 313,555

Technical Sentiment Signal: Strong Sell

Current Market Cap: $53.05M

Find detailed analytics on PHUN stock on TipRanks’ Stock Analysis page.

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