Smith Micro regains Nasdaq bid price compliance

Smith Micro Software, Inc. regained compliance with Nasdaq’s minimum bid price requirement.

Rhea-AI Filing Summary

Smith Micro Software, Inc. regained compliance with Nasdaq’s minimum bid price requirement. Nasdaq notified the company that its common stock closed at or above $1.00 per share for 10 consecutive business days, from June 8, 2026 to June 22, 2026. This satisfies Nasdaq Listing Rule 5550(a)(2), so the prior deficiency notice has been resolved and the matter is now closed, removing the immediate risk of delisting related to bid price.

Positive

• Nasdaq compliance restored: The company’s stock closed at or above $1.00 for 10 consecutive business days through June 22, 2026, satisfying Nasdaq’s Minimum Bid Price Requirement and closing the deficiency matter.

Negative

• None.

Insights

Equity market structure analyst

Nasdaq bid-price compliance removes near-term delisting pressure.

Smith Micro Software previously faced a Nasdaq deficiency because its share price was below the $1.00 minimum bid price under Nasdaq Listing Rule 5550(a)(2). The company was granted two consecutive 180-day periods, extending its deadline to June 22, 2026.

Nasdaq has now confirmed the stock traded at or above $1.00 for 10 straight business days, from June 8–22, 2026, restoring compliance and closing the case. This removes an immediate listing risk, though ongoing compliance will depend on future share price performance under Nasdaq rules.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Minimum bid price threshold: $1.00 per share Initial compliance period: 180 days Additional compliance period: 180 days +2 more

5 metrics

Minimum bid price threshold $1.00 per share Nasdaq Listing Rule 5550(a)(2) requirement

Initial compliance period 180 days From June 23, 2025 to December 22, 2025

Additional compliance period 180 days From December 23, 2025 to June 22, 2026

Consecutive compliant days 10 business days Closing price at or above $1.00 from June 8–22, 2026

Compliance confirmation date June 23, 2026 Date of Nasdaq written notification

Key Terms

Minimum Bid Price Requirement, Nasdaq Listing Rule 5550(a)(2), Nasdaq Listing Rule 5810(c)(3)(A), Listing Qualifications Staff, +1 more

5 terms

Minimum Bid Price Requirement financial

"the Company’s Common Stock did not meet the $1.00 minimum bid price requirement pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”)"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

Nasdaq Listing Rule 5550(a)(2) regulatory

"did not meet the $1.00 minimum bid price requirement pursuant to Nasdaq Listing Rule 5550(a)(2)"

Nasdaq Listing Rule 5810(c)(3)(A) regulatory

"in accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided an initial period of 180 calendar days"

Listing Qualifications Staff regulatory

"received a notice from the Listing Qualifications Staff of The Nasdaq Stock Market"

Listing qualifications staff are the exchange employees who review and monitor whether a company meets the rules required to be listed on a stock exchange, similar to referees checking that players follow the game’s rules. They assess financial filings, corporate governance, and ongoing disclosures, and can flag problems, request corrective steps, or recommend suspension or delisting. Investors care because their determinations affect a company’s ability to trade publicly and can signal increased risk or regulatory trouble.

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Smith Micro Software (SMSI) announce in its latest 8-K?

Smith Micro Software reported it has regained compliance with Nasdaq’s $1.00 minimum bid price requirement. Nasdaq confirmed SMSI shares closed at or above $1.00 for 10 consecutive business days through June 22, 2026, and the prior deficiency matter is now closed.

Why was Smith Micro Software (SMSI) at risk of Nasdaq delisting?

Smith Micro previously received a Nasdaq notice that its stock failed the $1.00 minimum bid price requirement under Listing Rule 5550(a)(2). It was granted two 180-day grace periods, extending the deadline to June 22, 2026, to regain compliance and avoid potential delisting for that issue.

How did Smith Micro Software (SMSI) regain Nasdaq bid price compliance?

Nasdaq notified Smith Micro that its common stock closed at or above $1.00 per share for 10 straight business days, from June 8, 2026 to June 22, 2026. Meeting this 10-day threshold restored compliance with the Minimum Bid Price Requirement under Nasdaq Listing Rule 5550(a)(2).

What Nasdaq rules apply to Smith Micro Software’s (SMSI) bid price issue?

The situation involved Nasdaq Listing Rule 5550(a)(2), which sets the $1.00 minimum bid price, and Rule 5810(c)(3)(A), which governs grace periods. Smith Micro received an initial and an additional 180-day period to cure the deficiency before ultimately regaining compliance in June 2026.

Is the Nasdaq minimum bid price matter for Smith Micro (SMSI) now resolved?

Yes. Nasdaq’s written notification on June 23, 2026 states Smith Micro’s common stock met the $1.00 bid price for 10 consecutive business days, restoring compliance. As a result, Nasdaq considers the Minimum Bid Price Requirement deficiency closed at this time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/23/2026 - 04:00 PM EDT Learn about SEC filing dates

false 0000948708 0000948708 2026-06-23 2026-06-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 23, 2026

Smith Micro Software, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware	001-35525	33-0029027
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5800 Corporate Drive Pittsburgh, PA	15237
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s Telephone Number, Including Area Code: (412) 837-5300

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		SMSI		NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

As previously disclosed, on June 23, 2025, Smith Micro Software, Inc. (the “Company”) received a notice from the Listing Qualifications Staff of The Nasdaq Stock Market (“Nasdaq”) that the Company’s Common Stock did not meet the $1.00 minimum bid price requirement pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”), and in accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided an initial period of 180 calendar days, or until December 22, 2025, to regain compliance with the Minimum Bid Price Requirement. Thereafter, on December 23, 2025, the Company received a written notice from Nasdaq granting an additional 180 days, or until June 22, 2026, to regain compliance with the Minimum Bid Price Requirement.

On June 23, 2026, the Company received written notification from Nasdaq indicating that the Company’s Common Stock had a closing price at or greater than $1.00 per share for the last 10 consecutive business days, from June 8, 2026 to June 22, 2026, and that, as a result, the Company has regained compliance with the Minimum Bid Price Requirement and the matter is now closed.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Smith Micro Software, Inc.
Date: June 23, 2026	By:	/s/ Bethany M. Braund
		Bethany M. Braund
		Vice President and Chief Financial Officer

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