Smith Micro Software, Inc. (NASDAQ%3A+SMSI) (“Smith Micro” or the “Company”) today announced that on March 31 2022, the Company entered into a secured revolving credit facility with Wells Fargo Bank, National Association. This revolving line of credit provides the Company with borrowings of up to $7.0 million that can be utilized to finance the Company’s working capital requirements and other general corporate purposes. The credit facility has a term of one year but may be renewed upon mutual agreement of the parties.
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