Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
SMITH MICRO SOFTWARE, INC. incurred loan of $400,000 with certain accredited investors at 15.0% per annum maturing on or before March 31, 2026.
- Instrument
- loan
- Principal
- $400,000
- Counterparty
- certain accredited investors
- Rate
- 15.0% per annum
- Maturity
- on or before March 31, 2026
- Event
- incurrence
Exact text from the filing
On September 29, 2025, Smith Micro Software, Inc. (the “Company”) entered into a Note Purchase Agreement (the “Note Agreement”) with certain accredited investors (“Purchasers”), pursuant to which the Purchasers have agreed to provide loans in an aggregate amount of $400,000, in each case in return for a secured promissory note (collectively, the “Notes”) and an accompanying unregistered common stock purchase warrant (collectively, the “Warrants”).
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Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.95
SMITH MICRO SOFTWARE, INC. issued warrant to accredited investors.
- Security
- warrant
- Purchaser
- accredited investors
Exact text from the filing
The disclosures in Item 1.01 of this Current Report on Form 8-K regarding the Warrants and Warrant Shares are incorporated by reference into this Item 3.02. The Warrants were, and the Warrant Shares will be, issued without registration under the Securities Act, in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act as transactions not involving a public offering and Rule 506 promulgated under the Securities Act as sales to accredited investors.
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