SMITH MICRO SOFTWARE, INC. 8-K

What Happened

• Smith Micro Software, Inc. (SMSI) filed an 8‑K on December 23, 2025 reporting that Nasdaq granted the company an additional 180 days, until June 22, 2026, to regain compliance with the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
• The Company previously received a Nasdaq notice on June 23, 2025 that its closing bid had been below $1.00 for 30 consecutive business days and was initially given until December 22, 2025 to cure the deficiency.
• To regain compliance Nasdaq requires the closing bid price to be at least $1.00 per share for a minimum of ten consecutive business days (unless Nasdaq exercises discretion to alter that period). The December 23, 2025 notice does not affect the Company’s current listing status, which remains fully effective.

Key Details

• Initial non‑compliance notice received: June 23, 2025 (30 consecutive business days below $1.00).
• Original cure deadline: December 22, 2025; extension granted to June 22, 2026 (additional 180 days).
• Compliance test: closing bid ≥ $1.00 for at least 10 consecutive business days.
• Company may consider options such as a reverse stock split to regain compliance; no assurance of success.

Why It Matters

• If SMSI fails to meet the $1.00 bid requirement by June 22, 2026, Nasdaq could begin delisting procedures, which may reduce trading liquidity and make the stock harder to buy or sell on the Nasdaq Capital Market.
• The extension preserves the company’s Nasdaq listing for now, giving management time to try to raise the share price (including corporate actions like a reverse split) before delisting risk increases.
• Investors should monitor trading price, company disclosures, and any actions (e.g., reverse split proposals) that could affect share count or market price. The filing also contains standard forward‑looking statements about plans and risks.