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Smith Micro Software Inc receives commitments in private placement of common stock


Monday, 18 Aug 2014 08:30am EDT 

Smith Micro Software Inc:Received commitments to purchase 6,667,200 shares of its common stock for aggregate gross proceeds of $5.4 mln in private placement expected to close on or about Aug. 20.Smith Micro intends to use net proceeds primarily for expansion of its product and customer base.Emerging Growth Equities, Ltd. acted as lead placement agent for the offering.Security Research Associates, Inc. acted as a member of the selling group for this offering. 

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