Stellar Acquisition III Inc. is a blank check company formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization, exchangeable share transaction or other similar business transaction with one or more operating businesses or assets. Stellar’s units, shares of common stock and warrants are currently listed on the Nasdaq Capital Market under the symbols “STLRU,” “STLR” and “STLRW, respectively.
On February 28, 2018, Stellar announced it had entered into definitive agreements to combine with Phunware, Inc. (“Phunware”) and enter the mobile cloud software and blockchain sectors. Phunware’s investor base includes several prominent strategic investors/partners and has a large and diversified customer base including numerous Fortune 5000 companies. For further information about the Company’s merger agreement with Phunware, please refer to Stellar’s SEC filings.