{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-034101","form_type":"8-K","ticker":"SMSI","cik":"0000948708","company_name":"SMITH MICRO SOFTWARE, INC.","filed_at":"2025-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.699605+00:00","generated_at":"2026-05-16T22:51:34.707243+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Smith Micro raises $2.65M in offerings; CEO invests $1.5M","bullets":["Total gross proceeds of ~$2.65M from two concurrent offerings; CEO Bill Smith commits $1.5M.","Registered offering: 1,714,373 shares + warrants at $0.6708/shr raises ~$1.15M.","Private placement: CEO buys 2,236,136 shares + warrants at $0.6708/shr for $1.5M.","Warrants exercisable at $0.6708; registered warrants vest after 6 months, private warrants need shareholder approval; 5-yr term.","Net proceeds for working capital and general corporate purposes; closings expected Nov 6, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-034101","json":"https://secwatch.observer/filing/0001437749-25-034101.json","markdown":"https://secwatch.observer/filing/0001437749-25-034101.md","text":"https://secwatch.observer/filing/0001437749-25-034101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/948708/000143774925034101/0001437749-25-034101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/948708/000143774925034101/smsi20251107_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T22:51:34.707243+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":"158d3644ecbde1362b2e5127688988f565a95706","claim":"SMITH MICRO SOFTWARE, INC. issued 2,236,136 unregistered shares of the Company’s Common Stock of common stock to the Company’s Chief Executive Officer for at an offering price of $0.6708 per share.","evidence_excerpt":"the Company separately entered into a second securities purchase agreement (the “Private Placement Purchase Agreement”) with the Company’s Chief Executive Officer (the “Purchaser”) relating to a private placement transaction and sale of 2,236,136 unregistered shares of the Company’s Common Stock at an offering price of $0.6708 per share of Common Stock","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000143774925034101/0001437749-25-034101-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"2,236,136 unregistered shares of the Company’s Common Stock"},{"label":"Purchaser","value":"the Company’s Chief Executive Officer"},{"label":"Consideration","value":"at an offering price of $0.6708 per share"}],"fact_type":"equity_issuance"},{"claim_id":"25be0b19bda6ef3f351f380a699e9f51d6b562aa","claim":"SMITH MICRO SOFTWARE, INC. issued up to an aggregate of 1,714,373 shares of Common Stock of warrant to certain institutional and accredited investors.","evidence_excerpt":"the Company also agreed to sell to the RDO Purchasers unregistered warrants (the “Common Warrants”) to purchase up to an aggregate of 1,714,373 shares of Common Stock","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000143774925034101/0001437749-25-034101-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"up to an aggregate of 1,714,373 shares of Common Stock"},{"label":"Purchaser","value":"certain institutional and accredited investors"}],"fact_type":"equity_issuance"},{"claim_id":"cf54b00a4da15ab057ff62755152ce91003e0d85","claim":"SMITH MICRO SOFTWARE, INC. issued up to an aggregate of 2,236,136 shares of Common Stock of warrant to the Company’s Chief Executive Officer.","evidence_excerpt":"the Company separately entered into a second securities purchase agreement (the “Private Placement Purchase Agreement”) with the Company’s Chief Executive Officer (the “Purchaser”) relating to a private placement transaction and sale of 2,236,136 unregistered shares of the Company’s Common Stock","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/948708/000143774925034101/0001437749-25-034101-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"warrant"},{"label":"Shares","value":"up to an aggregate of 2,236,136 shares of Common Stock"},{"label":"Purchaser","value":"the Company’s Chief Executive Officer"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}