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 launch of a $62 million underwritten public offering of the Company’s common stock pursuant to a registration statement filed with the Securities and Exchange Commission (“SEC”). In addition, Smith Micro expects to grant the underwriters of the offering a 30-day option to purchase up to an additional 15% of its shares of the Company’s common stock at the public offering price, less underwriting discounts and commissions, to cover over-allotments.
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