---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-030331"
form_type: "8-K"
ticker: "SMSI"
cik: "0000948708"
company_name: "SMITH MICRO SOFTWARE, INC."
filed_at: "2025-10-02T23:59:59+00:00"
generated_at: "2026-05-17T05:01:40.183083+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001437749-25-030331
- form_type: 8-K
- ticker: SMSI
- cik: 0000948708
- company_name: SMITH MICRO SOFTWARE, INC.
- filed_at: 2025-10-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/948708/000143774925030331/0001437749-25-030331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/948708/000143774925030331/smsi20251001_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-030331
- JSON: https://secwatch.observer/filing/0001437749-25-030331.json
- Plain text: https://secwatch.observer/filing/0001437749-25-030331.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/948708/000143774925030331/0001437749-25-030331-index.htm
- Equity Issuances
  SMITH MICRO SOFTWARE, INC. issued warrant to accredited investors.
  - Security: warrant
  - Purchaser: accredited investors
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/948708/000143774925030331/0001437749-25-030331-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.