$PHUN - The company was unable to file an S-3 shelf registration statement until after the one year anniversary of the SPAC closing at the end of 2017 just before the company started trading publicly. We have provided consistent guidance in our earnings releases regarding debt and equity financings and have filed this S-3 so that we can work through the SEC processes required to achieve effectiveness on the underlying registration statement. Nothing else has changed from our prior communications.
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