Smith Micro secures $1M secured loan from CEO trust at 15% interest, matures March 31, 2026

SMITH MICRO SOFTWARE, INC.

Gross proceeds ~$1M: ~$815K loan + ~$185K for warrant purchase from William W. Smith, Jr.'s trust.
Loan bears 15% annual interest, secured by accounts receivable and other assets.
Maturity date March 31, 2026; prepayable anytime without penalty.
Warrants issued with $0.68 exercise price, exercisable from Aug 3, 2026 to Aug 3, 2031.
Proceeds for working capital; transaction approved by Board and Audit Committee.

item 1.01item 2.03item 3.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.