Matthew Harrigan

Brian Swift

Leo Carpio

Scott Searle

- Smith Micro Software, Inc. entered into a Note Purchase Agreement on **September 29, 2025**, to secure **$400,000** in loans from accredited investors.  **[948708_0001437749-25-030331_smsi20251001_8k.htm:1]** 
- The financing consists of secured promissory notes with an interest rate of **15.0% per annum**, maturing on **March 31, 2026**.  **[948708_0001437749-25-030331_ex_865805.htm:0]** **[948708_0001437749-25-030331_smsi20251001_8k.htm:1]** 
- Accompanying the notes are unregistered common stock purchase warrants, exercisable for shares at a price equal to the greater of **$0.73** or the market price on the issuance date, and expiring five years from the initial exercise date.  **[948708_0001437749-25-030331_ex_865804.htm:0]** **[948708_0001437749-25-030331_smsi20251001_8k.htm:1]** 
- The company expects to use the net proceeds from these transactions for **working capital and general corporate purposes**.  **[948708_0001437749-25-030331_smsi20251001_8k.htm:1]**

Smith Micro Software Secures $400,000 in Debt Financing with Warrants

- Smith Micro Software, Inc. (SMSI) entered into Note Purchase Agreements on **September 11, 2025**, with its Chairman, President, and CEO, William W. Smith, Jr. (via Smith Living Trust), and its COO and CFO, Timothy C. Huffmyer.  **[948708_0001437749-25-029302_smsi20250917_8k.htm:1]** 
- The company received approximately **$794,736** in loans (principal) and **$138,263** from the sale of accompanying warrants from these insiders.  **[948708_0001437749-25-029302_smsi20250917_8k.htm:2]** 
- These loans are secured, bear an annual interest rate of **15.0%**, and are due by **March 31, 2026**.  **[948708_0001437749-25-029302_ex_862125.htm:0]** **[948708_0001437749-25-029302_smsi20250917_8k.htm:1]** 
- The accompanying warrants allow the purchase of common stock, with certain anti-dilution adjustments subject to **stockholder approval** by **June 30, 2026**.  **[948708_0001437749-25-029302_smsi20250917_8k.htm:1]** **[948708_0001437749-25-029302_ex_862123.htm:10]** 
- The net proceeds from these transactions are intended for **working capital and general corporate purposes**.  **[948708_0001437749-25-029302_smsi20250917_8k.htm:2]**

SMITH MICRO SOFTWARE (SMSI)