secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MICRO SOFTWARE, INC. (SMSI)
CIK:        0000948708
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0001628280-24-042168
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith Micro raises $6.9M in concurrent offerings; CEO invests $3M
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- Registered direct offering: 3,321,881 shares at $1.165/share, gross ~$3.87M.
- Private placement with CEO: 2,575,107 shares at $1.165/share, gross ~$3.0M.
- Each warrant exercisable at $1.04/share, 6-month lockout, 5-year term.
- Net proceeds to be used for working capital and general corporate purposes.
- Roth Capital receives $54k cash fee and 20,000 warrants (exercise $1.46, 2.5yr).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948708/000162828024042168/0001628280-24-042168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948708/000162828024042168/smsi-20241001.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-042168

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer