Smith Micro Software, Inc. Reverse Stock Split and Shareholder Meeting Update

Smith Micro Software, Inc. announced a reverse stock split of its Common Stock at a ratio of one-for-five, effective June 4, 2026. This action was approved by the company's stockholders on May 26, 2026, during their annual meeting. The reverse split aims to consolidate shares, with every five existing shares converting into one new share. Fractional shares resulting from the split will be rounded up to the nearest whole share. The company also reported on various proposals voted on during the annual meeting, including the election of directors, advisory approval of executive compensation, ratification of the independent auditor, amendments to equity incentive plans, and approvals related to Nasdaq listing rules concerning the issuance of shares from warrants. The company's common stock will trade under a new CUSIP number (832154504) on the Nasdaq Capital Market starting June 5, 2026, on a split-adjusted basis using the existing ticker symbol "SMSI."