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Smith Micro Software (SMSI) Q1 2021 Earnings Call Transcript

Operator
Good day, and welcome to the Smith Micro Software s financial results for the first quarter of 2021. [Operator instructions] Please note this event is being recorded. I would now like to turn the conference over to Charles Messman, vice president of investor relations and corporate development. Please go ahead.
Charles Messman
Vice President of Investor Relations and Corporate development
Thank you, operator, and good afternoon, everyone. We appreciate you joining us today as we discuss Smith Micro Software s financial results for the first quarter of 2021 ended March 31, 2021. By now, you should have received a copy of the press release with the financial results. If you do not have a copy and would like one, please visit the Investor Relations section of our website at www.smithmicro.com.On today s call, we have Bill Smith, chairman of the board, president, and chief executive officer of Smith Micro; and Tim Huffmyer, our chief financial officer. ....

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Smith Micro Announces Pricing of Follow-on Public Offering – Consumer Electronics Net

4 weeks ago
PITTSBURGH–(BUSINESS WIRE)–Smith Micro Software, Inc. (the “Company” or “Smith Micro”) (NASDAQ: SMSI), a software development company that sells proven solutions to wireless carriers and cable MSOs, today announced the pricing of its follow-on underwritten public offering of 9,520,787 shares of its common stock at a price to the public of $6.85 per share. All shares are being sold in the offering by the Company. Smith Micro has granted the underwriter of the offering a 30-day option to purchase up to an additional 1,428,118 shares of its common stock to cover over-allotments at the public offering price less the underwriting discounts and commissions. The offering, excluding the option, will result in gross proceeds to the Company of approximately $65.2 million prior to underwriting discounts, commissions and other offering expenses. The offering is expected close on March 15, 2021, subject to customary closing conditions ....

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