secwatch / observer
8-K filed February 5, 2026, 6:59 PM ET ticker SMSI CIK 0000948708
debt confidence high sentiment negative materiality 0.70

SMITH MICRO SOFTWARE, INC. (SMSI): debt financing — Smith Micro secures $1M secured loan from CEO trust at 15% interest, matures March 31, 2026

SMITH MICRO SOFTWARE, INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SMITH MICRO SOFTWARE, INC. incurred loan of approximately $1,000,000 with Smith Living Trust at 15.0% per annum maturing March 31, 2026.

Instrument
loan
Principal
approximately $1,000,000
Counterparty
Smith Living Trust
Rate
15.0% per annum
Maturity
March 31, 2026
Event
incurrence
Exact text from the filing
of $0.68 and will be exercisable during the period beginning August 3, 2026 and ending August 3, 2031. The gross proceeds to the Company from the closing totals approximately $1,000,000 (comprised of approximately $814,979 as a loan and approximately $185,021 for the purchase of the accompanying Warrant), before deducting transaction expenses payable by the
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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

SMITH MICRO SOFTWARE, INC. issued warrant to Smith (Smith Living Trust, for which William W. Smith, Jr. and Dieva L. Smith serve as co-trustees) for approximately $185,021 for the purchase of the accompanying Warrant.

Security
warrant
Purchaser
Smith (Smith Living Trust, for which William W. Smith, Jr. and Dieva L. Smith serve as co-trustees)
Consideration
approximately $185,021 for the purchase of the accompanying Warrant
Exact text from the filing
On February 3, 2026, the Company and Smith completed a closing of a loan transaction under the Note Agreement, and the Company issued a Note and a Warrant to Smith pursuant to the terms of the Note Agreement. The Warrant has an exercise price of $0.68 and will be exercisable during the period beginning August 3, 2026 and ending August 3, 2031. The gross proceeds to the Company from the closing totals approximately $1,000,000 (comprised of approximately $814,979 as a loan and approximately $185,021 for the purchase of the accompanying Warrant)
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SMITH MICRO SOFTWARE, INC. entered into Note Agreement with Smith Living Trust valued at approximately $1,000,000 (effective 2026-02-03).

Action
entry
Agreement
notes offering
Counterparty
Smith Living Trust
Value
approximately $1,000,000
Effective
2026-02-03
Exact text from the filing
On February 3, 2026, Smith Micro Software, Inc. (the “Company”) entered into a Note Purchase Agreement (the “Note Agreement”) with the Smith Living Trust, for which William W. Smith, Jr., the Company’s chairman, president and chief executive officer, and his wife, Dieva L. Smith, serve as co-trustees (“Smith”).
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102 debt financings filed in the last 30 days. Browse all debt financings →

SMITH MICRO SOFTWARE, INC. filing history →

Source: SEC EDGAR
accession 0001437749-26-003194
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