Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SMITH MICRO SOFTWARE, INC. incurred loan of not to exceed $715,000 with Smith Living Trust at 15.0% per annum maturing March 31, 2026.
- Instrument
- loan
- Principal
- not to exceed $715,000
- Counterparty
- Smith Living Trust
- Rate
- 15.0% per annum
- Maturity
- March 31, 2026
- Event
- incurrence
Exact text from the filing
Huffmyer, the Company’s chief operating officer and chief financial officer (“Huffmyer”). Pursuant to the Note Agreements, Smith will loan to the Company an amount not to exceed $715,000 and Huffmyer will loan to the Company an amount not to exceed $90,000, in each case in return for one or more secured promissory notes (the “Notes”) and accompanying unregistered
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SMITH MICRO SOFTWARE, INC. incurred loan of not to exceed $90,000 with Timothy C. Huffmyer at 15.0% per annum maturing March 31, 2026.
- Instrument
- loan
- Principal
- not to exceed $90,000
- Counterparty
- Timothy C. Huffmyer
- Rate
- 15.0% per annum
- Maturity
- March 31, 2026
- Event
- incurrence
Exact text from the filing
(“Huffmyer”). Pursuant to the Note Agreements, Smith will loan to the Company an amount not to exceed $715,000 and Huffmyer will loan to the Company an amount not to exceed $90,000, in each case in return for one or more secured promissory notes (the “Notes”) and accompanying unregistered common stock purchase warrants. The Notes, secured by the Company’s
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
SMITH MICRO SOFTWARE, INC. issued up to a number of shares of Common Stock equal to the principal amount of such Note divided by the Market Price (as defined under Nasdaq regulations) of the Com of warrant to Timothy C. Huffmyer for The Company will receive an amount equal to $0.125 per Warrant Share for each Warrant issued.
- Security
- warrant
- Shares
- up to a number of shares of Common Stock equal to the principal amount of such Note divided by the Market Price (as defined under Nasdaq regulations) of the Com
- Purchaser
- Timothy C. Huffmyer
- Consideration
- The Company will receive an amount equal to $0.125 per Warrant Share for each Warrant issued
Exact text from the filing
Each Note shall be accompanied by the issuance by the Company of an unregistered warrant (each, a “Warrant”) to purchase up to a number of shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) equal to the principal amount of such Note divided by the Market Price (as defined under Nasdaq regulations) of the Company’s Common Stock on the date of issuance (the “Warrant Shares”). The Company will receive an amount equal to $0.125 per Warrant Share for each Warrant issued.
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
SMITH MICRO SOFTWARE, INC. issued up to a number of shares of Common Stock equal to the principal amount of such Note divided by the Market Price (as defined under Nasdaq regulations) of the Com of warrant to Smith Living Trust, for which William W. Smith, Jr. and Dieva L. Smith serve as co-trustees for The Company will receive an amount equal to $0.125 per Warrant Share for each Warrant issued.
- Security
- warrant
- Shares
- up to a number of shares of Common Stock equal to the principal amount of such Note divided by the Market Price (as defined under Nasdaq regulations) of the Com
- Purchaser
- Smith Living Trust, for which William W. Smith, Jr. and Dieva L. Smith serve as co-trustees
- Consideration
- The Company will receive an amount equal to $0.125 per Warrant Share for each Warrant issued
Exact text from the filing
Each Note shall be accompanied by the issuance by the Company of an unregistered warrant (each, a “Warrant”) to purchase up to a number of shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) equal to the principal amount of such Note divided by the Market Price (as defined under Nasdaq regulations) of the Company’s Common Stock on the date of issuance (the “Warrant Shares”). The Company will receive an amount equal to $0.125 per Warrant Share for each Warrant issued.
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