Smith Micro Software, Inc. received notification from Nasdaq that its common stock has regained compliance with the $1.00 minimum bid price requirement after maintaining a closing price of at least $1.00 per share for the last 10 consecutive business days between June 8, 2026, and June 22, 2026. Smith Micro Software, Inc. is a software company that provides solutions for mobile and IoT connectivity and mobile device management.

Smith Micro Software, Inc. entered into inducement letter agreements on June 11, 2026, with holders of existing common warrants to purchase 487,349 shares. Under the terms, holders will exercise their warrants at a reduced price of $3.35 per share, down from the original $5.20. In exchange, the company will issue new warrants to purchase 487,349 shares at an exercise price of $3.80 per share with a five-year term. The transaction is expected to generate approximately $1.6 million in gross proceeds for working capital and general corporate purposes. The closing is anticipated around June 15, 2026. Smith Micro Software, Inc. is a software company providing mobile and connectivity solutions.