Smith Micro Software Secures $1 Million Loan from Smith Living Trust

Reuters02-06

<a href="https://laohu8.com/S/SMSI">Smith Micro Software</a> Secures $1 Million Loan from Smith Living Trust

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smith Micro Software Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-003194), on February 05, 2026, and is solely responsible for the information contained therein.

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ID: 0001437749-26-003194), on February 05, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMSI","symbol_name":"Smith Micro Software","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260205:nNDL3hmDqg:1","article_id":"2609581408","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609581408","pubTimestamp":1770325480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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. 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