{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-029302","form_type":"8-K","ticker":"SMSI","cik":"0000948708","company_name":"SMITH MICRO SOFTWARE, INC.","filed_at":"2025-09-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.757078+00:00","generated_at":"2026-05-17T06:26:06.478833+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Smith Micro raises ~$933k from CEO & CFO via secured 15% notes with warrants","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-029302","json":"https://secwatch.observer/filing/0001437749-25-029302.json","markdown":"https://secwatch.observer/filing/0001437749-25-029302.md","text":"https://secwatch.observer/filing/0001437749-25-029302.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/948708/000143774925029302/0001437749-25-029302-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/948708/000143774925029302/smsi20250917_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:26:06.478833+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"09621c4dbda43c7f9febdc2f387fd99a0b560864","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000143774925029302/0001437749-25-029302-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"not to exceed $715,000"},{"label":"Counterparty","value":"Smith Living Trust"},{"label":"Rate","value":"15.0% per annum"},{"label":"Maturity","value":"March 31, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"f7782921d17f1a6bc93486cba54a61b5111d5d3d","claim":"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.","evidence_excerpt":"(“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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000143774925029302/0001437749-25-029302-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"not to exceed $90,000"},{"label":"Counterparty","value":"Timothy C. Huffmyer"},{"label":"Rate","value":"15.0% per annum"},{"label":"Maturity","value":"March 31, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"332b90d6daa4c31487207f74f56b1ce91029cdaf","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000143774925029302/0001437749-25-029302-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"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"},{"label":"Purchaser","value":"Timothy C. Huffmyer"},{"label":"Consideration","value":"The Company will receive an amount equal to $0.125 per Warrant Share for each Warrant issued"}],"fact_type":"equity_issuance"},{"claim_id":"69c6ace69abb8e861b09a89de2986fccf96b47ea","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000143774925029302/0001437749-25-029302-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"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"},{"label":"Purchaser","value":"Smith Living Trust, for which William W. Smith, Jr. and Dieva L. Smith serve as co-trustees"},{"label":"Consideration","value":"The Company will receive an amount equal to $0.125 per Warrant Share for each Warrant issued"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}