Smith Micro Launches Follow-on Public Offering.

TELECOMWORLDWIRE-March 10, 2021-Smith Micro Launches Follow-on Public Offering

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Smith Micro Software, Inc. (NASDAQ: SMSI), a software development company that sells proven solutions to wireless carriers and Cable MSOs, has announced the launch of a USD 62 million underwritten public offering of the Company's common stock pursuant to a registration statement filed with the Securities and Exchange Commission ("SEC"), the company said.

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.

Smith Micro intends to use the net proceeds from this offering to fund the purchase price payable to Avast plc ("Avast") pursuant to the Company's planned acquisition of Avast's Family Safety Mobile Software Business and for general corporate purposes.

  1. Riley Securities and Roth Capital Partners are acting as joint book-running...

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