Smith Micro Software Inc. has entered into a new financing agreement with the Smith Living Trust, co-managed by the company’s chairman, president, and CEO William W. Smith, Jr. and his wife, Dieva L. Smith. Under the Note Purchase Agreement signed on February 3, 2026, the trust will loan approximately $815,000 to Smith Micro, secured by the company’s accounts receivable and certain other assets, bearing an interest rate of 15.0% per annum and maturing by March 31, 2026. Additionally, the agreement included the issuance of unregistered common stock purchase warrants with an exercise price of $0.68, exercisable from August 3, 2026, to August 3, 2031. The company received gross proceeds totaling about $1 million from this transaction, with net proceeds intended for working capital and general corporate purposes.

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