---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-023227"
form_type: "8-K"
ticker: "SMSI"
cik: "0000948708"
company_name: "SMITH MICRO SOFTWARE, INC."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:42:51.636444+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Smith Micro raises $4.1M in follow-on offering of 1.91M shares/equivalents at $2.15

## Summary
- Gross proceeds $4.1M from 1,910,000 common stock/equivalents at $2.15 per unit; warrants for 1,910,000 shares at $2.34.
- Offering comprised 1,065,000 shares and 845,000 pre-funded warrants; private placement of common warrants for 1,910,000 shares.
- Net proceeds to be used for working capital and general corporate purposes.
- 75-day lock-up on company equity issuance; 1-year ban on variable rate transactions; 90-day officer/director lock-up.
- Roth Capital acted as placement agent, receiving 6% cash fee and 133,700 placement agent warrants at $2.86.

## SEC filing metadata
- accession: 0001628280-24-023227
- form_type: 8-K
- ticker: SMSI
- cik: 0000948708
- company_name: SMITH MICRO SOFTWARE, INC.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/948708/000162828024023227/0001628280-24-023227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/948708/000162828024023227/smsi-20240510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-023227
- JSON: https://secwatch.observer/filing/0001628280-24-023227.json
- Plain text: https://secwatch.observer/filing/0001628280-24-023227.txt

## Key facts
- Material Agreements
  SMITH MICRO SOFTWARE, INC. entered into Purchase Agreement with certain institutional and accredited investors (effective 2024-05-10).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional and accredited investors
  - Effective: 2024-05-10
  source text: On May 10, 2024, Smith Micro Software, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional and accredited investors (the “Purchasers”) relating to the registered direct offering and sale of an aggregate of 1,065,000 shares of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/948708/000162828024023227/0001628280-24-023227-index.htm

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