secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2024-11-27T23:59:59+00:00
Accession:  0000948708-24-000036
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith Micro Software receives Nasdaq minimum bid price non-compliance notice
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- Received Nasdaq letter on Nov 26, 2024: closing bid price below $1.00 for 30 consecutive business days.
- Initial compliance period of 180 calendar days ends May 26, 2025 to regain minimum $1.00 bid.
- Can regain compliance if bid price is at least $1.00 for 10 consecutive business days before deadline.
- May qualify for an additional 180-day grace period if it meets other listing standards.
- No immediate effect on listing; company intends to monitor and assess options to cure deficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000094870824000036/0000948708-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000094870824000036/smsi-20241126.htm
  HTML page:      https://secwatch.observer/filing/0000948708-24-000036

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