secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001628280-24-023227
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000162828024023227/0001628280-24-023227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000162828024023227/smsi-20240510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-023227

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