Smith Micro Software Inc. has announced a private placement involving its chief executive officer, Bill Smith, who will invest $1.5 million in the company. The transaction comprises the sale of 2,236,136 unregistered shares of common stock, along with unregistered warrants to purchase an equal number of shares, at a price of $0.6708 per share. The warrants will become exercisable following stockholder approval and will expire five years thereafter. The private placement is expected to close on or about November 6, 2025, subject to customary closing conditions. Smith Micro plans to use the net proceeds for working capital and general corporate purposes.
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