Phunware Added to FTSE Russell Microcap® Index
July 01 2024 - 8:30AM
Phunware, Inc. (NASDAQ: PHUN) (the “Company”), the
mobile experience platform that guides your customers through every
step of their journey, was added to the FTSE Russell
Microcap® Index at the conclusion of the 2024 FTSE Russell
annual index reconstitution, effective after market close on June
28, 2024.
“We are pleased to rejoin the Russell Microcap
Index. This represents a recognition and validation of the work
we’ve done to put ourselves back on a growth trajectory,” said Mike
Snavely, CEO of Phunware.
The annual Russell US Indexes reconstitution
captures the 4,000 largest US stocks as of Tuesday, April 30th,
ranking them by total market capitalization. FTSE Russell
determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment
managers and institutional investors for index funds and as
benchmarks for active investment strategies. Russell’s US indexes
serve as the benchmark for approximately $10.5 trillion in assets
as of the close of December 2023. Russell indexes are part of FTSE
Russell, a leading global index provider.
For more information on the Russell
Microcap® Index and the Russell indexes reconstitution, go to
the “Russell Reconstitution” section on the FTSE Russell
website.
About Phunware, Inc.Phunware
partners with leading brands to offer personalized mobile
experiences to their customers. Through its suite of wayfinding,
messaging, and advertising solutions, Phunware uses real-time
location data to deliver mobile experiences, helping brands connect
with their audiences globally.
About FTSE Russell:FTSE Russell is
a leading global provider of benchmarking, analytics, and data
solutions for investors, giving them a precise view of the market
relevant to their investment process. A comprehensive range of
reliable and accurate indexes provides investors worldwide with the
tools they require to measure and benchmark markets across asset
classes, styles, or strategies.
FTSE Russell index expertise and products are used
extensively by institutional and retail investors globally. For
over 40 years, leading asset owners, asset managers, ETF providers
and investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products,
and index-based derivatives.
FTSE Russell is focused on applying the highest
industry standards in index design and governance, employing
transparent rules-based methodology informed by independent
committees of leading market participants. FTSE Russell fully
embraces the IOSCO Principles, and its Statement of Compliance has
received independent assurance. Index innovation is driven by
client needs and customer partnerships, allowing FTSE Russell to
continually enhance the breadth, depth and reach of its
offering.
FTSE Russell is wholly owned by London Stock
Exchange Group.
For more information, visit
https://www.lseg.com/en/ftse-russell.
Phunware PR & Media Inquiries:
Christina Lockwood and Brenlyn Motlagh Gateway Group,
Inc. 949-574-3860 PHUN@gateway-grp.com
Phunware Investor
Relations: Matt Glover and John Yi Gateway
Group, Inc. 949-574-3860 PHUN@gateway-grp.com
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