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0.163016088389223 0.0467144795503002 0.0457452994766427 0.0585384764489242 0.0750087226206629 0.0676487691413063 0.0767590618336886 0.124248885442915
Stock impact report

Smith Micro Announces Investment Led by CEO and Founder, Bill Smith

Smith Micro Software, Inc. (SMSI) 
Last smith micro software, inc. earnings: 3/5 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: smithmicro.com/company/investors/overview
Company Research Source: Business Wire
Anticipated Gross Proceeds of Financing Total $4.9 Million PITTSBURGH--(BUSINESS WIRE)--Smith Micro Software, Inc. (the “Company” or “Smith Micro”) (NASDAQ: SMSI) today announced that it has entered into a securities purchase agreement for the sale of securities to accredited investors pursuant to an unregistered offering, the gross proceeds of which are expected to be approximately $4.9 million, which includes committed investments of approximately $4.6 million from a trust for which Bill Smith, the Company’s chief executive officer and founder, serves as co-trustee, and approximately $90 thousand from Tim Huffmyer, the Company’s chief operating officer and chief financial officer.The agreement provides for the issuance of secured convertible notes with an aggregate original principal amount of approximately $4.9 million and an initial conversion price of $0.68 per share, subject to adjustment, and warrants to acquire up to an aggregate amount of approximately 9.4 million addition Show less Read more
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