Smith Micro prices unregistered 487,349-share warrant sweetener at $3.80 in $1.6 million inducement deal

Smith Micro Software, Inc.

Smith Micro Software, Inc.

SMSI

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  • Smith Micro Software entered inducement letter agreements on June 11, 2026 tied to an unregistered issuance of new Common Stock warrants.
  • Holders agreed to cash-exercise existing Common Warrants for 487,349 shares at a reduced $3.35 per share.
  • In exchange, new unregistered warrants cover 487,349 shares at a $3.8 exercise price, exercisable immediately for five years.
  • Gross proceeds from the warrant exercise were about $1.6 million, earmarked for working capital and general corporate purposes.
  • Closing is expected around June 15, 2026, subject to customary conditions.


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