Smith Micro Software Prices 1.6M Equity Offering At $0.93/Share, Warrants Exercisable At $1.20 With Anti-Dilution Protection

Author: Benzinga Newsdesk | July 17, 2025 09:23am

Smith Micro Software, Inc. (the "Company" or "Smith Micro") (NASDAQ:SMSI) today announced that it has entered into a definitive agreement with certain institutional and accredited investors for the issuance of an aggregate of 1,612,903 registered shares of the Company's common stock (together with accompanying unregistered warrants) at a price of $0.93 per share. The warrants will enable the holders to purchase up to an aggregate of 1,612,903 shares of the Company's common stock at an exercise price of $1.20 per share (subject to certain downward pricing adjustments, including anti-dilution protection), and will be issued in a private placement. The warrants will be immediately exercisable and will expire five years after issuance.

The registered offering and concurrent private placement will result in gross proceeds to the Company of approximately $1.5 million prior to fees and offering expenses. The Company intends to use the proceeds of the registered offering and concurrent private placement for working capital and general corporate purposes. The registered offering and concurrent private placement are expected to close by July 18, 2025, subject to customary closing conditions.

 

Posted In: SMSI