ROTH Capital Partners

Roth Capital Partners acted as Joint Book-Running Manager to
Smith Micro Software, Inc. (NASDAQ: SMSI)
in its $65.2 Million Follow-On Offering


For more information please contact:
Investment Banking
Al Longfield, CFA
Managing Director
Kamal Masud, CFA

Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets

Nazan Akdeniz
Senior Vice President

Lou Ellis
Senior Vice President


Transaction Information
Smith Micro Software, Inc. (NASDAQ: SMSI), a software development company that sells proven solutions to wireless carriers and cable MSOs, announced the closing of its follow-on underwritten public offering of 9,520,787 shares of its common stock, which resulted in gross proceeds to the Company of approximately $65.2 million prior to underwriting discounts, commissions and other offering expenses. Smith Micro granted the underwriters of the offering a 30-day option to purchase up to an additional 1,428,118 shares of its common stock to cover over-allotments at the public offering price, less the underwriting discounts and commissions.

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.

Roth Capital Partners acted as join book-running manager for the offering.

About Smith Micro Software, Inc.
Smith Micro develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless service providers and cable MSOs around the world. From enabling the family digital lifestyle to providing powerful voice messaging capabilities, our solutions enrich today’s connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer IoT devices. The Smith Micro portfolio also includes a wide range of products for creating, sharing and monetizing rich content, such as visual voice messaging, optimizing retail content display and performing analytics on any product set. For more information, visit Company Press Release | 03.08.21)

About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and maintains offices throughout the U.S. For more information on Roth, please visit

Date of Announcement: 06.02.21
The material, information and facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2021.