Smith Micro Software Inc. announced that it received a notice from the Nasdaq Stock Market on June 23, 2025, indicating that the company's stock has not met the minimum bid price requirement of $1.00 for the past 30 consecutive business days. This notice does not affect the current listing status of Smith Micro's stock on the Nasdaq Capital Market. The company has been granted an initial compliance period of 180 days, until December 22, 2025, to resolve the issue. If the stock price reaches at least $1.00 per share for ten consecutive business days before this deadline, the company will regain compliance. If not, Smith Micro may qualify for an additional 180-day grace period, provided it meets other listing requirements and notifies Nasdaq of its plans to address the deficiency. The company is actively monitoring the situation and evaluating options to maintain its Nasdaq listing, although there is no guarantee of success.