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Smith Micro Software entered into a Securities Purchase Agreement to sell $4.9 million secured convertible notes and warrants for 9.4 million shares, approved executive changes effective March 31, 2026 with William W. Smith, Jr. as Executive Chairman and Timothy C. Huffmyer as President and CEO, and announced Q4 and FY 2025 financial results showing revenue declines.
Event Type
Disclosure
Mandatory
Variant
8-K
concerning Mr. Huffmyer’s participation in the Offering is incorporated into this Item 5.02 by reference, to the extent required by Item 404(a) of Regulation S
Termination of a Material Definitive Agreement As set forth in Item 1.01 of this Current Report on Form 8-K, pursuant to the Purchase Agreement, the Company has
, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), or o
of this Current Report on Form 8-K to the extent required. Item 3.02 Unregistered Sales of Equity Securities The matters described in Item 1.01 of this Current
above, respectively. Copies of each press release are hereby furnished to the SEC as Exhibits 99.2 and 99.3 and are incorporated by reference herein. The inform
, including Exhibits 99.1, 99.2, and 99.3 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, nor shall they be deem
. Financial Statements and Exhibits. (d) Exhibits Exhibit Description 4.1 Form of Warrant 10.1* Form of Securities Purchase Agreement 10.2 Form of Secured Conve
| Metric | Value | Basis |
|---|---|---|
| Revenue | $3.97 | GAAP |
| Gross Profit | $3.04 | GAAP |
| Gross Margin | 76.4% | GAAP |
| Net Loss Attributable to Common Stockholders | $4.70 | GAAP |
| Diluted EPS | $-0.20 | GAAP |
| Net Loss Attributable to Common Stockholders | $1.80 | Non-GAAP |
| Diluted EPS | $-0.08 | Non-GAAP |