**Smith Micro Software Secures $400,000 in New Secured Financing** Smith Micro Software, Inc. announced it has entered into a new Note Purchase Agreement with certain accredited investors to secure aggregate loans totaling $400,000. The financing, approved by an independent committee of the company's Board of Directors and Audit Committee, involves the issuance of secured promissory notes bearing 15% annual interest and due by March 31, 2026. As part of the transaction, investors will also receive unregistered common stock purchase warrants. The notes are secured by Smith Micro's accounts receivable and selected other assets. The company plans to use the net proceeds for working capital and general corporate purposes. The warrants and related shares will be issued in accordance with SEC regulations for private placements.