{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-035358","form_type":"8-K","ticker":"SMSI","cik":"0000948708","company_name":"SMITH MICRO SOFTWARE, INC.","filed_at":"2025-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.756779+00:00","generated_at":"2026-05-18T05:53:41.620710+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Smith Micro raises ~$1.5M in registered direct offering plus warrants at $0.93/share","bullets":["Gross proceeds of ~$1.5M from sale of 1,612,903 shares at $0.93/sh and warrants exercisable at $1.20 for 5 years.","Warrants include full-ratchet anti-dilution and adjustment for reverse stock split.","Company must seek stockholder approval for >19.9% share issuance; meeting by Oct 17, 2025.","Proceeds to be used for working capital; offering closed July 18, 2025.","75-day lock-up on further equity issuances and 5-month ban on variable rate transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-035358","json":"https://secwatch.observer/filing/0001628280-25-035358.json","markdown":"https://secwatch.observer/filing/0001628280-25-035358.md","text":"https://secwatch.observer/filing/0001628280-25-035358.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/948708/000162828025035358/0001628280-25-035358-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/948708/000162828025035358/smsi-20250717.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:53:41.620710+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}