secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0000948708-24-000014
Event type: regulatory
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith Micro approves 1-for-8 reverse stock split to regain Nasdaq compliance
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- Ratio of 1:8 approved by Board after stockholder vote; effective 11:59 p.m. ET on April 10, 2024.
- Stockholders voted 37,603,017 for, 14,922,078 against at special meeting on April 3, 2024.
- Outstanding shares will reduce from ~76,805,280 to ~9,600,660; authorized shares unchanged.
- Purpose is to increase share price to meet Nasdaq minimum bid price requirement.
- No fractional shares; rounding up to nearest whole share; CUSIP becomes 832154405.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000094870824000014/0000948708-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000094870824000014/smsi-20240403.htm
  HTML page:      https://secwatch.observer/filing/0000948708-24-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer