Smith Micro secures $400K in 15% notes due March 2026 with warrants

SMITH MICRO SOFTWARE, INC.

$400,000 aggregate principal from accredited investors; 15% annual interest, due March 31, 2026.
Each note accompanied by a warrant to purchase shares at the greater of $0.73 or market price.
Warrants include full-ratchet anti-dilution, subject to stockholder approval per Nasdaq rules.
Proceeds to be used for working capital and general corporate purposes.
Company to file registration statement for resale of warrant shares within 90 days.

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