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Completes $1.5 Million Private Placement and Secondary Offering","url":"https://stock-news.laohu8.com/highlight/detail?id=2552490737","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2552490737?lang=en_us&edition=fundamental","pubTime":"2025-07-19 05:15","pubTimestamp":1752873312,"startTime":"0","endTime":"0","summary":"Smith Micro Software Inc. has announced the closing of its follow-on offering, which includes the issuance of 1,612,903 registered shares of its common stock at a price of $0.93 per share to certain institutional and accredited investors. Alongside this, the company issued accompanying unregistered warrants, allowing the purchase of an equal number of shares at an exercise price of $1.20 per share, with anti-dilution protections. The warrants, immediately exercisable, will expire five years after issuance. The registered offering and concurrent private placement have generated approximately $1.5 million in gross proceeds for Smith Micro, intended for working capital and general corporate purposes. Chardan acted as the financial advisor, with Buchanan Ingersoll & Rooney PC and Haynes and Boone, LLP serving as legal counsel to the Company and investors, respectively.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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Chardan acted as the financial advisor, and legal counsel was provided by Buchanan Ingersoll & Rooney PC for the company and Haynes and Boone, LLP for the investors.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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