Smith Micro raises ~$933k from CEO & CFO via secured 15% notes with warrants

SMITH MICRO SOFTWARE, INC.

CEO Smith loaned $709,706 and bought warrants for $123,293; COO/CFO Huffmyer loaned $85,030 and bought warrants for $14,970.
Notes mature March 31, 2026, bear 15% annual interest, secured by accounts receivable and other assets.
Warrants have full-ratchet anti-dilution; stockholder approval required under Nasdaq rules before adjustment triggers.
Proceeds used for working capital and general corporate purposes.

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