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Phunware rebuffs Goldenwise's board demands, affirms confidence in its AI-driven 2.0 strategy and strong balance sheet.

Market News
16 Jul 2026
GlobeNewsWire
View Source
Neutral
pluang ai news

Phunware, Inc. responded firmly to Goldenwise Capital Group's demands for board seats and governance changes, calling their proposals lacking in credibility and strategic substance. The company emphasized its commitment to its 2.0 Strategy, which focuses on AI-enabled guest intelligence platforms, supported by a strong, debt-free balance sheet and experienced leadership. Phunware criticized Goldenwise for shifting demands, incomplete disclosures, and threats of litigation, while highlighting recent financial improvements and product momentum. The company plans enhanced investor communications to support its strategic execution and long-term value creation for all shareholders.

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