secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2025-10-02T23:59:59+00:00
Accession:  0001437749-25-030331
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000143774925030331/0001437749-25-030331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000143774925030331/smsi20251001_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-030331

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer