• Smith Micro Software entered inducement letter agreements on June 11, 2026 tied to an unregistered issuance of new Common Stock warrants.
• Holders agreed to cash-exercise existing Common Warrants for 487,349 shares at a reduced $3.35 per share.
• In exchange, new unregistered warrants cover 487,349 shares at a $3.8 exercise price, exercisable immediately for five years.
• Gross proceeds from the warrant exercise were about $1.6 million, earmarked for working capital and general corporate purposes.
• Closing is expected around June 15, 2026, subject to customary conditions.

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: 0001437749-26-020391), on June 12, 2026, and is solely responsible for the information contained therein.