---
schema_version: "secwatch.filing_event.v1"
accession: "0000948708-22-000013"
form_type: "8-K"
ticker: "SMSI"
cik: "0000948708"
company_name: "SMITH MICRO SOFTWARE, INC."
filed_at: "2022-08-11T23:59:59+00:00"
generated_at: "2026-06-24T01:16:44.629741+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Smith Micro raises $18M via $15M convertible notes and $3M registered direct offering

## Summary
- Issued $15M senior secured convertible notes with conversion price of $3.35/share (20% premium to 15-day VWAP) and warrants for 2.2M shares at $3.35.
- Concurrent registered direct offering of 1.13M shares plus warrants at $2.65/share for $3M gross proceeds; expected close August 12, 2022.
- Terminated existing $7M Wells Fargo revolving credit facility; no early termination penalties incurred.
- Net proceeds to be used for general corporate and working capital purposes.
- Roth Capital Partners and Dawson James served as financial advisors.

## SEC filing metadata
- accession: 0000948708-22-000013
- form_type: 8-K
- ticker: SMSI
- cik: 0000948708
- company_name: SMITH MICRO SOFTWARE, INC.
- filed_at: 2022-08-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/948708/000094870822000013/0000948708-22-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/948708/000094870822000013/smsi-20220811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000948708-22-000013
- JSON: https://secwatch.observer/filing/0000948708-22-000013.json
- Plain text: https://secwatch.observer/filing/0000948708-22-000013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.