---
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"
generated_at: "2026-05-18T05:53:41.620710+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Smith Micro raises ~$1.5M in registered direct offering plus warrants at $0.93/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-035358
- JSON: https://secwatch.observer/filing/0001628280-25-035358.json
- Plain text: https://secwatch.observer/filing/0001628280-25-035358.txt

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