<SEC-DOCUMENT>0001193125-17-021864.txt : 20170127
<SEC-HEADER>0001193125-17-021864.hdr.sgml : 20170127
<ACCEPTANCE-DATETIME>20170127162252
ACCESSION NUMBER:		0001193125-17-021864
CONFORMED SUBMISSION TYPE:	S-3
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20170127
DATE AS OF CHANGE:		20170127

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMITH MICRO SOFTWARE INC
		CENTRAL INDEX KEY:			0000948708
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				330029027
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-215786
		FILM NUMBER:		17554053

	BUSINESS ADDRESS:	
		STREET 1:		51 COLUMBIA
		CITY:			ALISO VIEJO
		STATE:			CA
		ZIP:			92656
		BUSINESS PHONE:		9493625800

	MAIL ADDRESS:	
		STREET 1:		51 COLUMBIA
		CITY:			ALISO VIEJO
		STATE:			CA
		ZIP:			92656
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3
<SEQUENCE>1
<FILENAME>d336448ds3.htm
<DESCRIPTION>S-3
<TEXT>
<HTML><HEAD>
<TITLE>S-3</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">As filed with the Securities and Exchange Commission on January&nbsp;27, 2017. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">UNITED STATES </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SECURITIES AND EXCHANGE COMMISSION </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Washington, D.C. 20549 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:15%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM S-3
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">REGISTRATION STATEMENT </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">UNDER </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">THE SECURITIES ACT OF 1933
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:14pt; font-family:Times New Roman" ALIGN="center"><B>Smith Micro Software, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(Exact name of registrant as specified in its charter) </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-size:9pt"><B>Delaware</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>33-0029027</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:9pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(State or other jurisdiction of</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">incorporation or organization)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(I.R.S. employer</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">identification number)</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>51 Columbia </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Aliso Viejo, CA 92656 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>(949)&nbsp;362-5800 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">(Address, including zip code, and telephone number, including area code, of registrant&#146;s principal executive offices) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>William W. Smith, Jr. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Chief Executive Officer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Smith Micro Software, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>51 Columbia </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Aliso Viejo,
CA 92656 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>(949)&nbsp;362-5800 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">(Name, address, including zip code, and telephone number, including area code, of agent for service) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Copies to: </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Allen Z.
Sussman, Esq. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Loeb&nbsp;&amp; Loeb LLP </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>10100 Santa Monica Boulevard, Suite 2200 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Los Angeles, CA 90067 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>(310)&nbsp;282-2000 </B></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:15%">&nbsp;</P></center> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Approximate date of
commencement of proposed sale to the public:</B> From time to time after the effective date of this registration statement as determined by the Registrant.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the only securities being registered on this form are being offered pursuant to dividend or interest reinvestment plans, please check the following
box.&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 of
the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box.&nbsp;&nbsp;&#9746; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and
lit the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If this
Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same
offering.&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that
shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, please check the following box.&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or
additional classes of securities pursuant to Rule 413(b) under the Securities Act, please check the following box.&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check
mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller
reporting company&#148; in Rule 12b-2 of the Exchange Act. (Check one): </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Large&nbsp;accelerated&nbsp;filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;&nbsp;&nbsp;&nbsp;&nbsp;Accelerated&nbsp;filer&nbsp;&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;Non-accelerated
filer&nbsp;&nbsp;&nbsp;&nbsp;&#9744;&nbsp;&nbsp;&nbsp;&nbsp;Smaller&nbsp;reporting&nbsp;company&nbsp;&nbsp;&nbsp;&nbsp;&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Do not check if a
smaller reporting company)</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CALCULATION OF REGISTRATION FEE </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP>Title of each Class of Security being Registered</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center">Amount&nbsp;being<BR>Registered</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Proposed&nbsp;Maximum</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Offering Price Per</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Security</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Proposed&nbsp;Maximum</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Aggregate Offering</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Price</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center">Amount of<BR>Registration<BR>Fee</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#ededed" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Common Stock, $0.001 par value per share (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3)(4)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(3)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Preferred Stock, $0.001 par value per share (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3)(4)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(3)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#ededed" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Warrants (2)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3)(4)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(3)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#ededed" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Units</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3)(4)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">(3)&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;(3)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#ededed" STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:Times New Roman">Total (1)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,000,000(2)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,159(5)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR BGCOLOR="#ededed" STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(1) This registration statement includes $10,000,000 of securities which may be issued by the registrant from time to time in
indeterminate amounts and at indeterminate times. Securities registered hereunder may be sold separately, together or as units with other securities registered hereunder </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(2) Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(o) of the Securities Act of 1933, as amended (the
&#147;Securities Act&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(3) Not required to be included in accordance with General Instruction II.D. of Form S-3 under the Securities Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(4) Subject to footnote (1), there is also being registered hereunder such indeterminate amount of securities (including shares or other classes of the
registrant&#146;s stock that may be issued upon reclassification of unissued, authorized stock of the registrant) as may be issued in exchange for or upon conversion of, as the case may be, the other securities registered hereunder. No separate
consideration will be received for any securities registered hereunder that are issued in exchange for, or upon conversion of, as the case may be, such other securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(5) Paid herewith. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The Registrant hereby amends this
Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment that specifically states that this Registration Statement shall thereafter become effective in
accordance with Section&nbsp;8(a) of the Securities Act or until this Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section&nbsp;8(a), may determine. </B></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT COLOR="#ff0200"><B>THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. WE MAY NOT SELL
THESE SECURITIES UNTIL THE REGISTRATION STATEMENT FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY JURISDICTION
WHERE THE OFFER OR SALE IS NOT PERMITTED. </B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Prospectus</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"><B>Subject to Completion, Dated January&nbsp;27, 2017</B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g336448snap1.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">$10,000,000 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Common Stock </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Preferred Stock </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Warrants </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Units </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may offer and sell, from time to time in one or more offerings, any combination of common stock, preferred stock, warrants, or units having a maximum
aggregate offering price of $10,000,000. When we decide to sell a particular class or series of securities, we will provide specific terms of the offered securities in a prospectus supplement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The prospectus supplement may also add, update or change information contained in or incorporated by reference into this prospectus. However, no prospectus
supplement shall offer a security that is not registered and described in this prospectus at the time of its effectiveness. You should read this prospectus and any prospectus supplement, as well as the documents incorporated by reference or deemed
to be incorporated by reference into this prospectus, carefully before you invest. This prospectus may not be used to offer or sell our securities unless accompanied by a prospectus supplement relating to the offered securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our common stock is traded on NASDAQ Capital Market under the symbol &#147;SMSI.&#148; Each prospectus supplement will contain information, where applicable,
as to our listing on NASDAQ Capital Market or any other securities exchange of the securities covered by the prospectus supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These securities may
be sold directly by us, through dealers or agents designated from time to time, to or through underwriters or through a combination of these methods. See &#147;Plan of Distribution&#148; in this prospectus. We may also describe the plan of
distribution for any particular offering of our securities in a prospectus supplement. If any agents, underwriters or dealers are involved in the sale of any securities in respect of which this prospectus is being delivered, we will disclose their
names and the nature of our arrangements with them in a prospectus supplement. The net proceeds we expect to receive from any such sale will also be included in a prospectus supplement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The aggregate market value of our outstanding voting and nonvoting common equity is $22,195,000. We have not offered any securities pursuant to General
Instruction I.B.6 of Form S-3 during the prior 12 month calendar period that ends on, and includes, the date of this prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investing in our
securities involves various risks. See &#147;<A HREF="#toc336448_5">Risk Factors</A>&#148; on page 5 for more information on these risks. Additional risks, if any, will be described in the prospectus supplement related to a potential offering under
the heading &#147;Risk Factors&#148;. You should review that section of the related prospectus supplement for a discussion of matters that investors in such securities should consider. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, or passed upon the
adequacy or accuracy of this prospectus or any accompanying prospectus supplement. Any representation to the contrary is a criminal offense. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">The date of this Prospectus is
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2017 </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc"></A>TABLE OF CONTENTS</B> </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="92%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Page&nbsp;No.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_1">ABOUT THIS PROSPECTUS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_2">PROSPECTUS SUMMARY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_3">THE OFFERING</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_4">OUR COMPANY</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_5">RISK FACTORS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_6">USE OF PROCEEDS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_7">DESCRIPTIONS OF THE SECURITIES WE MAY OFFER</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_8">CAPITAL STOCK</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_9">WARRANTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_10">UNITS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_11">PLAN OF DISTRIBUTION</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_12">LEGAL MATTERS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_13">EXPERTS</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_14">WHERE YOU CAN FIND ADDITIONAL INFORMATION ABOUT US</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><A HREF="#toc336448_15">INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</A></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_1"></A>ABOUT THIS PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission (the &#147;SEC&#148;) using a &#147;shelf&#148;
registration process. Under this shelf registration process, we may offer from time to time securities having a maximum aggregate offering price of $10,000,000. Each time we offer securities, we will prepare and file with the SEC a prospectus
supplement that describes the specific amounts, prices and terms of the securities we offer. The prospectus supplement also may add, update or change information contained in this prospectus or the documents incorporated herein by reference. You
should read carefully both this prospectus and any prospectus supplement together with additional information described below under the caption &#147;Where You Can Find More Information.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus does not contain all the information provided in the registration statement we filed with the SEC. For further information about us or our
securities offered hereby, you should refer to that registration statement, which you can obtain from the SEC as described below under &#147;Where You Can Find More Information.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">You should rely only on the information contained or incorporated by reference in this prospectus or any prospectus supplement. We have not authorized any
other person to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. This prospectus is not an offer to sell securities, and it is not soliciting an offer to buy
securities, in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus or any prospectus supplement, as well as information we have previously filed with the SEC and incorporated
by reference, is accurate as of the date of those documents only. Our business, financial condition, results of operations and prospects may have changed since those dates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may sell securities through underwriters or dealers, through agents, directly to purchasers or through any combination of these methods. We and our agents
reserve the sole right to accept or reject in whole or in part any proposed purchase of securities. The prospectus supplement, which we will prepare and file with the SEC each time we offer securities, will set forth the names of any underwriters,
agents or others involved in the sale of securities, and any applicable fee, commission or discount arrangements with them. See &#147;Plan of Distribution.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise indicated in this prospectus or the context otherwise requires, all references to &#147;we,&#148; &#147;us,&#148; &#147;our,&#148; &#147;the
Company&#148; and &#147;Smith Micro&#148; refer to Smith Micro Software, Inc. and its subsidiaries. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_2"></A>PROSPECTUS SUMMARY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following summary, because it is a summary, may not contain all the information that may be important to you. This prospectus incorporates important
business and financial information about the Company that is not included in, or delivered with, this prospectus. Before making an investment, you should read the entire prospectus and any amendment carefully. You should also carefully read the
risks of investing discussed under &#147;Risk Factors&#148; and the financial statements included in our other filings with the SEC, including in our most recent Quarterly Report on Form 10-Q, which we filed with the SEC on October&nbsp;28, 2016 and
our Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2015, which we filed with the SEC on March&nbsp;9, 2016. This information is incorporated by reference into this prospectus, and you can obtain it from the SEC as described
below under the headings &#147;Where You Can Find Additional Information About Us&#148; and &#147;Incorporation of Certain Documents by Reference.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will provide to each person, including any beneficial owner, to whom a prospectus is delivered, a copy of any or all of the information that has been
incorporated by reference in the prospectus but not delivered with the prospectus. You may request a copy of these filings, excluding the exhibits to such filings which we have not specifically incorporated by reference in such filings, at no cost,
by writing us at the following address: Smith Micro Software, Inc., 51 Columbia, Aliso Viejo, CA 92656, Attention: Investor Relations. </P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_3"></A>The Offering </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission (the &#147;SEC&#148;) utilizing a shelf
registration process. Under this shelf registration process, we may sell any combination of: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">common stock; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">preferred stock; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">warrants to purchase any of the securities listed above; and/or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">units consisting of one or more of the foregoing. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">in one or more offerings up to a total dollar amount of
$10,000,000. This prospectus provides you with a general description of the securities we may offer. Each time we sell securities, we will provide a prospectus supplement that will contain specific information about the terms of that specific
offering and include a discussion of any risk factors or other special considerations that apply to those securities. The prospectus supplement may also add, update or change information contained in this prospectus. You should read both this
prospectus and any prospectus supplement together with the additional information described under the heading &#147;Where You Can Find Additional Information About Us.&#148; </P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<div style ="BORDER-BOTTOM:1.00pt solid #000000;BORDER-LEFT:1.00pt solid #000000;BORDER-RIGHT:1.00pt solid #000000;BORDER-TOP:1.00pt solid #000000;MARGIN-LEFT:0px;MARGIN-RIGHT:0px;WIDTH:100%"><div style="width:97%; margin-top:1.5%; margin-left:1.5%; margin-right:-1.25%">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_4"></A>Our Company </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Smith Micro provides software to simplify and enhance the mobile experience. As a leader in wireless connectivity, our applications ensure high quality of
service for mobile users while optimizing networks for wireless service providers and enterprises. Using our intelligent device software, along with premium voice, video and messaging applications, we create new opportunities to engage consumers and
monetize mobile services. In addition to wireless solutions, Smith Micro develops 2D/3D graphics software used by professional artists, animators, illustrators, and designers worldwide. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Smith Micro&#146;s mission is to help our customers thrive in a connected world. Over the past three decades, we have developed deep expertise in embedded
software for mobile devices, policy-based management platforms, and highly-scalable client and server applications. Our wireless software is used by Tier 1 mobile network operators, cable providers, and device manufacturers, as well as enterprise
companies across a wide range of industries, helping these businesses capitalize on the growth of connected consumers and the Internet of Things. Specifically, we help our customers: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="11%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">optimize networks, reduce operational costs, and deliver &#147;best-connected&#148; user experiences; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="11%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">manage mobile devices over the air for maximum performance, efficiency and reliability; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="11%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">provide greater insight into user experience to improve service quality and customer loyalty; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="11%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">engage and grow high-value relationships with their customers using smartphones. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We continue to innovate and
evolve our business to take advantage of industry trends and emerging markets, such as &#147;Big Data&#148; analytics, the explosion of Wi-Fi hotspots, and business-to-consumer mobile marketing and advertising. The key to our longevity, however, is
not simply technology innovation, but a never-ending focus on customer value. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We were incorporated in California in November 1983, and reincorporated in
Delaware in June 1995. Our principal executive offices are located at 51 Columbia, Aliso Viejo, California 92656. Our telephone number is (949)&nbsp;362-5800. Our website address is <U>www.smithmicro.com</U>. Our NASDAQ symbol is SMSI, and we make
our SEC filings available on the Investor Relations page of our website. Information contained on our website is not part of this prospectus. </P>
 <P STYLE="margin-top:0pt;margin-bottom:0pt; font-size:8pt">&nbsp;</P></div><br clear="All"></div><br clear="All">

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_5"></A>RISK FACTORS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investing in our securities involves risk. The prospectus supplement applicable to a particular offering of securities will contain a discussion of the risks
applicable to an investment in General Employment and to the particular types of securities that we are offering under that prospectus supplement. Before making an investment decision, you should carefully consider the risks described under
&#147;Risk Factors&#148; in the applicable prospectus supplement and the risks described in our most recent Annual Report on Form 10-K, or any updates in our Quarterly Reports on Form 10-Q, together with all of the other information appearing in or
incorporated by reference into this prospectus and any applicable prospectus supplement, in light of your particular investment objectives and financial circumstances. Our business, financial condition or results of operations could be materially
adversely affected by any of these risks. The trading price of our securities could decline due to any of these risks, and you may lose all or part of your investment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_6"></A>USE OF PROCEEDS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as otherwise provided in the applicable prospectus supplement, we intend to use the net proceeds from the sale of the securities covered by this
prospectus for general corporate purposes, which may include, but is not limited to, working capital, capital expenditures, research and development expenditures and acquisitions of new businesses. The precise amount, use and timing of the
application of such proceeds will depend upon our funding requirements and the availability and cost of other capital. Additional information on the use of net proceeds from an offering of securities covered by this prospectus may be set forth in
the prospectus supplement relating to the specific offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_7"></A>DESCRIPTIONS OF THE SECURITIES WE MAY OFFER
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The descriptions of the securities contained in this prospectus, together with any applicable prospectus supplement, summarize all the material terms
and provisions of the various types of securities that we may offer. We will describe in the applicable prospectus supplement relating to a particular offering the specific terms of the securities offered by that prospectus supplement. We will
indicate in the applicable prospectus supplement if the terms of the securities differ from the terms we have summarized below. We will also include in the prospectus supplement information, where applicable, about material United States federal
income tax considerations relating to the securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may sell from time to time, in one or more offerings: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">shares of our common stock; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">shares of our preferred stock; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">warrants to purchase any of the securities listed above; and/or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">units consisting of one or more of the foregoing. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This prospectus may not be used to consummate a sale of
securities unless it is accompanied by a prospectus supplement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_8"></A>CAPITAL STOCK </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>General </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following description of our common stock,
together with the additional information we include in any applicable prospectus supplements, summarizes the material terms and provisions of the common stock that we may offer under this prospectus. For the complete terms of our common stock,
please refer to our amended and restated certificate of incorporation, as amended, and amended and restated bylaws, as amended, which are incorporated by reference into the registration statement which includes this prospectus. The terms of our
common stock may also be affected by Delaware law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under our amended and restated certificate of incorporation, as amended, our authorized capital stock
consists of 100,000,000 shares of common stock, $0.001 par value per share, and 5,000,000 shares of preferred stock, $0.001 par value per share. As of January&nbsp;26, 2017, we had 12,297,954 shares of common stock outstanding and no shares of
preferred stock outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Common Stock </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Voting</I></B>. For all matters submitted to a vote of stockholders, each holder of common stock is entitled to one vote for each share registered in
his or her name on our books. Our common stock does not have cumulative voting rights. As a result, holders of a majority of our outstanding common stock can elect all of the directors who are up for election in a particular year.<B><I> </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Dividends</I></B>. If our board of directors declares a dividend, holders of common stock will receive payments from our funds that are legally
available to pay dividends. However, this dividend right is subject to any preferential dividend rights we may grant to the persons who hold preferred stock, if any is outstanding.<B><I> </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Liquidation and Dissolution</I></B>. If we are liquidated or dissolve, the holders of our common stock will be entitled to the right to receive ratably,
all of the assets and funds that remain after we pay our liabilities and any amounts we may owe to the persons who hold preferred stock, if any is outstanding.<B><I> </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Other Rights and Restrictions</I></B>. Holders of our common stock do not have preemptive or subscription rights, and they have no right to convert
their common stock into any other securities. Our common stock is not subject to redemption by us. The rights, preferences and privileges of common stockholders are subject to the rights of the stockholders of any series of preferred stock which we
may designate in the future. Our amended and restated certificate of incorporation, as amended, and our amended and restated bylaws, as amended, do not restrict the ability of a holder of common stock to transfer his or her shares of common
stock.<B><I> </I></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Listing</B><I>.</I><B></B> Our common stock is listed on the NASDAQ Capital Market under the symbol &#147;SMSI.&#148;<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Transfer Agent and Registrar</B><I>.</I><B></B> The transfer agent and registrar for our common stock is Computershare Inc.<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Delaware Law Affecting Business Combinations.</B> We are subject to the provisions of Section&nbsp;203 of the General Corporation Law of the State of
Delaware (&#147;DGCL&#148;). Subject to certain exceptions, Section&nbsp;203 prohibits a publicly held Delaware corporation from engaging in a &#147;business combination&#148; with an &#147;interested stockholder&#148; for a period of three years
after the person became an interested stockholder, unless the business combination is approved in a prescribed manner. A &#147;business combination&#148; includes mergers, asset sales and other transactions resulting in a financial benefit to the
interested stockholder. Subject to exceptions, an &#147;interested stockholder&#148; is a person who, together with affiliates and associates, owns, or within the prior three years did own, 15% or more of the corporation&#146;s voting stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Preferred Stock </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of January&nbsp;27, 2017, we have no
shares of preferred stock issued and outstanding. The Series A Participating Preferred Stock is the only class of preferred stock that is currently designated. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our certificate of incorporation, as amended and restated, provides that our board of directors may, by
resolution, designate classes of preferred stock in the future. The designated series of preferred stock shall have such relative rights, powers, preferences, limitations and restrictions as shall be stated in the resolution or resolutions of the
board of directors providing for the issuance thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Once designated by our board of directors, each series of preferred stock will have specific
financial and other terms that will be described in a prospectus supplement. The description of the preferred stock that is set forth in any prospectus supplement is not complete without reference to the documents that govern the preferred stock.
These include our articles of incorporation, as amended and restated, and any certificates of designation that our board of directors may adopt. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Prior to
the issuance of shares of each series of preferred stock, the board of directors is required by the DGCL and our certificate of incorporation to adopt resolutions and file a certificate of designations with the Secretary of State of the State of
Delaware. The certificate of designations fixes for each class or series the designations, powers, preferences, rights, qualifications, limitations and restrictions, including, but not limited to, some or all of the following: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the number of shares constituting that series and the distinctive designation of that series, which number may be increased or decreased (but not below the number of shares then outstanding) from time to time by action
of the board of directors; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the dividend rate and the manner and frequency of payment of dividends on the shares of that series, whether dividends will be cumulative, and, if so, from which date; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">whether that series will have voting rights, in addition to any voting rights provided by law, and, if so, the terms of such voting rights; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">whether that series will have conversion privileges, and, if so, the terms and conditions of such conversion, including provision for adjustment of the conversion rate in such events as the board of directors may
determine; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">whether or not the shares of that series will be redeemable, and, if so, the terms and conditions of such redemption; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">whether that series will have a sinking fund for the redemption or purchase of shares of that series, and, if so, the terms and amount of such sinking fund; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">whether or not the shares of the series will have priority over or be on a parity with or be junior to the shares of any other series or class in any respect; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the rights of the shares of that series in the event of voluntary or involuntary liquidation, dissolution or winding up of the corporation, and the relative rights or priority, if any, of payment of shares of that
series; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any other relative rights, preferences and limitations of that series. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All shares of preferred stock offered
hereby will, when issued, be fully paid and non-assessable, including shares of preferred stock issued upon the exercise of preferred stock warrants or subscription rights, if any. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Although our board of directors has no intention at the present time of doing so, it could authorize the issuance of a series of preferred stock that could,
depending on the terms of such series, impede the completion of a merger, tender offer or other takeover attempt. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_9">
</A>WARRANTS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of January&nbsp;27, 2017, we have issued and outstanding warrants to purchase up to 1,700,000, shares of our common stock, in the
aggregate. Our outstanding warrants are exercisable at an average exercise price of $2.74 per share. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following description, together with the additional information we may include in any applicable prospectus
supplement, summarizes the material terms and provisions of the warrants that we may offer under this prospectus and any related warrant agreement and warrant certificate. While the terms summarized below will apply generally to any warrants that we
may offer, we will describe the specific terms of any series of warrants in more detail in the applicable prospectus supplement. If we indicate in the prospectus supplement, the terms of any warrants offered under that prospectus supplement may
differ from the terms described below. Specific warrant agreements will contain additional important terms and provisions and will be incorporated by reference as an exhibit to the registration statement which includes this prospectus. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>General </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may issue warrants for the purchase of
common stock, and/or preferred stock in one or more series. We may issue warrants independently or together with common stock, and/or preferred stock, and the warrants may be attached to or separate from these securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will evidence each series of warrants by warrant certificates that we may issue under a separate agreement. We may enter into a warrant agreement with a
warrant agent. Each warrant agent may be a bank that we select which has its principal office in the United States. We may also choose to act as our own warrant agent. We will indicate the name and address of any such warrant agent in the applicable
prospectus supplement relating to a particular series of warrants. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We will describe in the applicable prospectus supplement the terms of the series of
warrants, including: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the offering price and aggregate number of warrants offered; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">if applicable, the designation and terms of the securities with which the warrants are issued and the number of warrants issued with each such security or each principal amount of such security; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">if applicable, the date on and after which the warrants and the related securities will be separately transferable; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">in the case of warrants to purchase common stock or preferred stock, the number or amount of shares of common stock or preferred stock, as the case may be, purchasable upon the exercise of one warrant and the price at
which and currency in which these shares may be purchased upon such exercise; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the manner of exercise of the warrants, including any cashless exercise rights; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the warrant agreement under which the warrants will be issued; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the effect of any merger, consolidation, sale or other disposition of our business on the warrant agreement and the warrants; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">anti-dilution provisions of the warrants, if any; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the terms of any rights to redeem or call the warrants; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any provisions for changes to or adjustments in the exercise price or number of securities issuable upon exercise of the warrants; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the dates on which the right to exercise the warrants will commence and expire or, if the warrants are not continuously exercisable during that period, the specific date or dates on which the warrants will be
exercisable; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the manner in which the warrant agreement and warrants may be modified; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the identities of the warrant agent and any calculation or other agent for the warrants; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">federal income tax consequences of holding or exercising the warrants; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the terms of the securities issuable upon exercise of the warrants; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any securities exchange or quotation system on which the warrants or any securities deliverable upon exercise of the warrants may be listed or quoted; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any other specific terms, preferences, rights or limitations of or restrictions on the warrants. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Before
exercising their warrants, holders of warrants will not have any of the rights of holders of the securities purchasable upon such exercise, including the right to receive dividends, if any, or, payments upon our liquidation, dissolution or winding
up or to exercise voting rights, if any. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Exercise of Warrants </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each warrant will entitle the holder to purchase the securities that we specify in the applicable prospectus supplement at the exercise price that we describe
in the applicable prospectus supplement. Unless we otherwise specify in the applicable prospectus supplement, holders of the warrants may exercise the warrants at any time up to 5:00 P.M. eastern time on the expiration date that we set forth in the
applicable prospectus supplement. After the close of business on the expiration date, unexercised warrants will become void. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Holders of the warrants may
exercise the warrants by delivering the warrant certificate representing the warrants to be exercised together with specified information, and paying the required exercise price by the methods provided in the applicable prospectus supplement. We
will set forth on the reverse side of the warrant certificate, and in the applicable prospectus supplement, the information that the holder of the warrant will be required to deliver to the warrant agent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Upon receipt of the required payment and the warrant certificate properly completed and duly executed at the corporate trust office of the warrant agent or
any other office indicated in the applicable prospectus supplement, we will issue and deliver the securities purchasable upon such exercise. If fewer than all of the warrants represented by the warrant certificate are exercised, then we will issue a
new warrant certificate for the remaining amount of warrants. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Enforceability of Rights By Holders of Warrants </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any warrant agent will act solely as our agent under the applicable warrant agreement and will not assume any obligation or relationship of agency or trust
with any holder of any warrant. A single bank or trust company may act as warrant agent for more than one issue of warrants. A warrant agent will have no duty or responsibility in case of any default by us under the applicable warrant agreement or
warrant, including any duty or responsibility to initiate any proceedings at law or otherwise, or to make any demand upon us. Any holder of a warrant may, without the consent of the related warrant agent or the holder of any other warrant, enforce
by appropriate legal action the holder&#146;s right to exercise, and receive the securities purchasable upon exercise of, its warrants in accordance with their terms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Warrant Agreement Will Not Be Qualified Under Trust Indenture Act </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">No warrant agreement will be qualified as an indenture, and no warrant agent will be required to qualify as a trustee, under the Trust Indenture Act.
Therefore, holders of warrants issued under a warrant agreement will not have the protection of the Trust Indenture Act with respect to their warrants. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Governing Law </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each warrant agreement and any warrants
issued under the warrant agreements will be governed by Delaware law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Calculation Agent </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any calculations relating to warrants may be made by a calculation agent, an institution that we appoint as our agent for this purpose. The prospectus
supplement for a particular warrant will name the institution that we have appointed to act as the calculation agent for that warrant as of the original issue date for that warrant, if any. We may appoint a different institution to serve as
calculation agent from time to time after the original issue date without the consent or notification of the holders. The calculation agent&#146;s determination of any amount of money payable or securities deliverable with respect to a warrant will
be final and binding in the absence of manifest error. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_10"></A>UNITS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may issue units comprised of one or more of the other securities described in this prospectus or in any prospectus supplement in any combination. Each unit
will be issued so that the holder of the unit is also the holder, with the rights and obligations of a holder, of each security included in the unit. The unit certificate may provide that the securities included in the unit may not be held or
transferred separately, at any time or at any time before a specified date or upon the occurrence of a specified event or occurrence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The applicable
prospectus supplement will describe: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the designation and terms of the units and of the securities comprising the units, including whether and under what circumstances those securities may be held or transferred separately; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any provisions for the issuance, payment, settlement, transfer or exchange of the units or of the securities comprising the units; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">whether the units will be issued in fully registered or global form. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_11"></A>PLAN OF DISTRIBUTION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may sell the securities being offered pursuant to this prospectus to or through underwriters, through dealers, through agents, or directly to one or more
purchasers or through a combination of these methods. The applicable prospectus supplement will describe the terms of the offering of the securities, including: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the name or names of any underwriters, if, and if required, any dealers or agents; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the purchase price of the securities and the proceeds we will receive from the sale; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any underwriting discounts and other items constituting underwriters&#146; compensation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any discounts or concessions allowed or reallowed or paid to dealers; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any securities exchange or market on which the securities may be listed or traded. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may distribute the
securities from time to time in one or more public or private transactions at: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">a fixed price or prices, which may be changed; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">market prices prevailing at the time of sale; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">prices related to such prevailing market prices; or </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">negotiated prices. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Only underwriters named in the prospectus supplement are underwriters of the securities
offered by the prospectus supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If underwriters are used in an offering, we will execute an underwriting agreement with such underwriters and will
specify the name of each underwriter and the terms of the transaction (including any underwriting discounts and other terms constituting compensation of the underwriters and any dealers) in a prospectus supplement. The securities may be offered to
the public either through underwriting syndicates represented by managing underwriters or directly by one or more investment banking firms or others, as designated. If an underwriting syndicate is used, the managing underwriter(s) will be specified
on the cover of the prospectus supplement. If underwriters are used in the sale, the offered securities will be acquired by the underwriters for their own accounts and may be resold from time to time in one or more transactions, including negotiated
transactions, at a fixed public offering price or at varying prices determined at the time of sale. Any public offering price and any discounts or concessions allowed or reallowed or paid to dealers may be changed from time to time. Unless otherwise
set forth in the prospectus supplement, the obligations of the underwriters to purchase the offered securities will be subject to conditions precedent, and the underwriters will be obligated to purchase all of the offered securities, if any are
purchased. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may grant to the underwriters options to purchase additional securities to cover over-allotments, if any, at the public offering price,
with additional underwriting commissions or discounts, as may be set forth in a related prospectus supplement. The terms of any over-allotment option will be set forth in the prospectus supplement for those securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If we use a dealer in the sale of the securities being offered pursuant to this prospectus or any prospectus supplement, we will sell the securities to the
dealer, as principal. The dealer may then resell the securities to the public at varying prices to be determined by the dealer at the time of resale. The names of the dealers and the terms of the transaction will be specified in a prospectus
supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may sell the securities directly or through agents we designate from time to time. We will name any agent involved in the offering and
sale of securities and we will describe any commissions we will pay the agent in the prospectus supplement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may authorize agents or underwriters to
solicit offers by institutional investors to purchase securities from us at the public offering price set forth in the prospectus supplement pursuant to delayed delivery contracts providing for payment and delivery on a specified date in the future.
We will describe the conditions to these contracts and the commissions we must pay for solicitation of these contracts in the prospectus supplement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the sale of the securities, underwriters, dealers or agents may receive compensation from us
or from purchasers of the securities for whom they act as agents, in the form of discounts, concessions or commissions. Underwriters may sell the securities to or through dealers, and those dealers may receive compensation in the form of discounts,
concessions or commissions from the underwriters or commissions from the purchasers for whom they may act as agents. Underwriters, dealers and agents that participate in the distribution of the securities, and any institutional investors or others
that purchase securities directly for the purpose of resale or distribution, may be deemed to be underwriters, and any discounts or commissions received by them from us and any profit on the resale of the common stock by them may be deemed to be
underwriting discounts and commissions under the Securities Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We may provide agents, underwriters and other purchasers with indemnification against
particular civil liabilities, including liabilities under the Securities Act, or contribution with respect to payments that the agents, underwriters or other purchasers may make with respect to such liabilities. Agents and underwriters may engage in
transactions with, or perform services for, us in the ordinary course of business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">To facilitate the public offering of a series of securities, persons
participating in the offering may engage in transactions that stabilize, maintain, or otherwise affect the market price of the securities. This may include over-allotments or short sales of the securities, which involves the sale by persons
participating in the offering of more securities than have been sold to them by us. In exercising the over-allotment option granted to those persons. In addition, those persons may stabilize or maintain the price of the securities by bidding for or
purchasing securities in the open market or by imposing penalty bids, whereby selling concessions allowed to underwriters or dealers participating in any such offering may be reclaimed if securities sold by them are repurchased in connection with
stabilization transactions. The effect of these transactions may be to stabilize or maintain the market price of the securities at a level above that which might otherwise prevail in the open market. Such transactions, if commenced, may be
discontinued at any time. We make no representation or prediction as to the direction or magnitude of any effect that the transactions described above, if implemented, may have on the price of our securities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless otherwise specified in the applicable prospectus supplement, any common stock sold pursuant to a prospectus supplement will be eligible for listing on
The NASDAQ Capital Market, subject to official notice of issuance. Any underwriters to whom securities are sold by us for public offering and sale may make a market in the securities, but such underwriters will not be obligated to do so and may
discontinue any market making at any time without notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In order to comply with the securities laws of some states, if applicable, the securities
offered pursuant to this prospectus will be sold in those states only through registered or licensed brokers or dealers. In addition, in some states securities may not be sold unless they have been registered or qualified for sale in the applicable
state or an exemption from the registration or qualification requirement is available and complied with. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_12"></A>LEGAL MATTERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The validity of the offered securities will be passed upon for us by Loeb&nbsp;&amp; Loeb LLP, Los Angeles, California. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_13"></A>EXPERTS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
consolidated financial statements and the related financial statement schedule, incorporated in this Prospectus by reference to the Annual Report on Form 10-K for the year ended December&nbsp;31, 2015, have been audited by SingerLewak LLP, an
independent registered public accounting firm, as stated in their report incorporated by reference herein, and have been so incorporated in reliance upon such report and upon the authority of such firm as experts in accounting and auditing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_14"></A>WHERE YOU CAN FIND ADDITIONAL INFORMATION ABOUT US </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We have filed a registration statement on Form S-3 with the SEC for the shares of common stock we are offering by this prospectus. This prospectus does not
include all of the information contained in the registration statement. You should refer to the registration statement and its exhibits for additional information. We will provide to each person, including any beneficial owner, to whom a prospectus
is delivered, a copy of any or all of the information that has been incorporated by reference in the prospectus but not delivered with the prospectus. We will provide this information upon oral or written request, free of charge. Any requests for
this information should be made by calling or sending a letter to the Secretary of the Company, c/o Smith Micro Software, Inc., 51 Columbia, Aliso Viejo, CA 92656. Our telephone number is (949)&nbsp;362-5800. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are required to file annual and quarterly reports, current reports, proxy statements, and other information with the SEC. We make these documents publicly
available, free of charge, on our website at <U>www.smithmicro.com</U> as soon as reasonably practicable after filing such documents with the SEC. You can read our SEC filings, including the registration statement, on the SEC&#146;s website at
http://www.sec.gov. You also may read and copy any document we file with the SEC at its public reference facility at: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Public Reference
Room </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">100 F Street N.E. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Washington, DC 20549 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Please call the SEC at
1-800-732-0330 for further information on the operation of the public reference facilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="toc336448_15"></A>INCORPORATION OF
CERTAIN DOCUMENTS BY REFERENCE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following documents filed by us with the Securities and Exchange Commission are incorporated by reference in this
prospectus: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2015, filed on March&nbsp;9, 2016; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Quarterly Reports on Form 10-Q for the quarter ended March&nbsp;31, 2016, filed on April&nbsp;29, 2016; the quarter ended June&nbsp;30, 2016, filed on July&nbsp;29, 2016; and the quarter ended September&nbsp;30, 2016,
filed on October&nbsp;28, 2016; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Current Reports on Form 8-K filed on March&nbsp;10, 2016;&nbsp;April&nbsp;7, 2016;&nbsp;June&nbsp;17, 2016;&nbsp;July&nbsp;25, 2016;&nbsp;August&nbsp;17, 2016;&nbsp;September&nbsp;7, 2016;&nbsp;December&nbsp;12, 2016;
and December&nbsp;28, 2016; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Definitive Proxy Statement on Schedule 14A filed on April&nbsp;29, 2016; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Definitive Proxy Statement on Schedule 14A filed on July&nbsp;15, 2016; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The description of our common stock contained in our Form 8-A (File No. 000-26536) filed on July&nbsp;31, 1995, including any amendment on reports filed for the purpose of updating such description. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We also incorporate by reference all documents we file (other than documents or portions of documents deemed to be furnished pursuant to the Exchange Act)
under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act (a)&nbsp;after the initial filing date of the registration statement of which this prospectus is a part and before the effectiveness of the registration statement, and (b)&nbsp;after the
effectiveness of the registration statement and before the filing of a post-effective amendment that indicates that the securities offered by this prospectus have been sold or that deregisters the securities covered by this prospectus then remaining
unsold. Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes hereof or of the related prospectus supplement to the extent that a
statement in any other subsequently filed document which is also incorporated or deemed to be incorporated herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this prospectus. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>$10,000,000 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g336448snap1.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Common Stock </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Preferred Stock </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Warrants
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Units </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2017 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>We have not authorized any dealer, salesperson or other person to give any information or represent anything not contained in or incorporated by reference
into this prospectus. You must not rely on any unauthorized information. If anyone provides you with different or inconsistent information, you should not rely on it. This prospectus does not offer to sell any shares in any jurisdiction where it is
unlawful. Neither the delivery of this prospectus, nor any sale made hereunder, shall create any implication that the information in this prospectus is correct after the date hereof. </B></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PART II INFORMATION NOT REQUIRED IN PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;14. Other Expenses of Issuance and Distribution. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table sets forth an estimate of the fees and expenses relating to the issuance and distribution of the securities being registered hereby, other
than underwriting discounts and commissions, all of which shall be borne by the Registrant. All of such fees and expenses, except for the SEC Registration Fee, are estimated: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="89%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#ededed" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">SEC Registration Fee</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;$</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Printing and engraving expenses</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000</TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR BGCOLOR="#ededed" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Accounting fees and expenses</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,000</TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Legal fees and expenses (including blue sky services and expenses)</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,000</TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#ededed" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Total</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" NOWRAP>&nbsp;&nbsp;&nbsp;&nbsp;$</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,159</TD>
<TD NOWRAP VALIGN="bottom">*&nbsp;</TD></TR>
<TR BGCOLOR="#ededed" STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#ededed" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">*&nbsp;&nbsp;Estimated</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;15. Indemnification of Officers and Directors </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under Section&nbsp;145 of the Delaware General Corporation Law, the Registrant has broad powers to indemnify its directors and officers against liabilities
they may incur in such capacities, including liabilities under the Securities Act. The Registrant&#146;s Bylaws provide that the Registrant will indemnify its directors and officers to the fullest extent permitted by Delaware law. The Bylaws require
the Registrant to advance litigation expenses in the case of stockholder derivative actions or other actions, against an undertaking by the directors and officers to repay such advances if it is ultimately determined that the directors and officers
are not entitled to indemnification. The Bylaws further provide that rights conferred under such Bylaws shall not be deemed to be exclusive of any other right such persons may have or acquire under any agreement, vote of stockholders or
disinterested directors, or otherwise. The Registrant believes that indemnification under its Bylaws covers at least negligence and gross negligence. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In
addition, the Registrant&#146;s Certificate of Incorporation provides that the Registrant shall indemnify its directors and officers if such persons acted (i)&nbsp;in good faith, (ii)&nbsp;in a manner reasonably believed to be in or not opposed to
the best interests of the Registrant and (iii)&nbsp;with respect to any criminal action or proceeding, with reasonable cause to believe such conduct was lawful. The Certificate of Incorporation also provides that, pursuant to Delaware law, no
director shall be liable for monetary damages for breach of the director&#146;s fiduciary duty of care to the Registrant and its stockholders. This provision in the Certificate of Incorporation does not eliminate the duty of care, and in appropriate
circumstances, equitable remedies such as injunctive or other forms of non-monetary relief will remain available under Delaware law. In addition, each director will continue to be subject to liability for breach of the director&#146;s duty of
loyalty to the Registrant for acts or omissions not in good faith or involving intentional misconduct, for knowing violations of law, for actions leading to improper personal benefit to the director, and for payment of dividends or approval of stock
repurchases or redemptions that are unlawful under Delaware law. The provision also does not affect a director&#146;s responsibilities under any other law, such as the federal securities laws or state or federal environmental laws. The Certificate
of Incorporation further provides that the Registrant is authorized to indemnify its directors and officers to the fullest extent permitted by law through the Bylaws, or any agreement, vote of stockholders or disinterested directors, or otherwise.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Registrant maintains directors&#146; and officers&#146; liability insurance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition, the Registrant has entered into agreements to indemnify its directors in addition to the indemnification provided for in the Certificate of
Incorporation and Bylaws. These agreements will, among other things, indemnify the Registrant&#146;s directors for certain expenses (including attorneys&#146; fees), judgments, fines and settlement amounts incurred by such person in any action or
proceeding, including any action by or in the right of the Registrant, on account of services by that person as a director or officer of the Registrant, or as a director or officer of any subsidiary of the Registrant, or as a director or officer of
any other company or enterprise that the person provides services to at the request of the Registrant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Part II-1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors,
officers or controlling persons, we have been advised that in the opinion of the SEC this indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Part II-2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;16. Exhibits </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Exhibit </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="94%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center">Number</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Description of Document</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>1.1*</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Form of underwriting agreement with respect to common stock, preferred stock, or warrants.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>4.1*</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Form of specimen common stock certificate, if any</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>4.2*</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Form of specimen certificate for preferred stock of registrant, if any.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>4.3*</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Certificate of designation for preferred stock, if any.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>4.6*</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Form of warrant agreement and warrant certificate, if any.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>4.7*</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Form of unit certificate, if any.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>5.1**</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Opinion of Loeb &amp; Loeb LLP with respect to the validity of the offered securities being registered.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.1**</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Consent of SingerLewak LLP, an independent registered public accounting firm.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.2&nbsp;**</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Consent of Loeb &amp; Loeb LLP (included in Exhibit 5.1).</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>24.1**</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Power of Attorney (included on signature pages to the registration statement).</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:21%">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">* To the
extent applicable, to be filed by a post-effective amendment or as an exhibit to a document filed under the Securities Exchange Act, as amended, and incorporated by reference herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">** Filed herewith. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;17. Undertakings. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a post-effective amendment to this registration
statement: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of 1933; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">(ii)&nbsp;&nbsp;&nbsp;To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the
most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of
securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with
the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the
effective registration statement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">(iii)&nbsp;&nbsp;&nbsp;To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such information in the registration statement. Provided, however, that the undertakings set forth in paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) above do not apply if
the registration statement is on Form S-3 or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to
Section&nbsp;13 or Section&nbsp;15(d) of the Securities Exchange Act that are incorporated by reference in the registration statements or is contained in a form of prospectus filed pursuant to Rule 424(b) that is a part of the registration
statement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Part II-3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act
of 1933, each such post-effective amendment shall deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Times New Roman">(3)&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities being registered which
remain unsold at the termination of the offering. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, as amended, each filing of the registrant&#146;s annual report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the Securities Exchange Act that is incorporated by reference in this registration
statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Times New Roman">(1)&nbsp;&nbsp;&nbsp;Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration
statement as of the date the filed prospectus was deemed part of and included in the registration statement; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:Times New Roman">(2)&nbsp;&nbsp;&nbsp;Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in
reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x)&nbsp;for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in
the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for
liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus
relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or
made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date,
supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial
distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities
to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such
purchaser: (i)&nbsp;Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424; (ii)&nbsp;any free writing prospectus relating to the offering prepared by or on behalf of
the undersigned registrant or used or referred to by the undersigned registrant; (iii)&nbsp;the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities
provided by or on behalf of the undersigned registrant; and (iv)&nbsp;any other communication that is an offer in the offering made by the undersigned registrant to the purchaser. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes that: (i)&nbsp;for purposes of determining any liability under the Securities Act of 1933,
the information omitted from the form of prospectus filed as part of the registration statement in reliance upon Rule 430A and contained in the form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4)&nbsp;or 497(h) under the
Securities Act shall of 1933 be deemed to be part of the registration statement as of the time it was declared effective; and (ii)&nbsp;for the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that
contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Part II-4 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(f)&nbsp;&nbsp;&nbsp;If and when applicable, the undersigned registrant, hereby undertakes to file an application
for the purpose of determining the eligibility of the trustee to act under subsection (a)&nbsp;of Section&nbsp;310 of the Trust Indenture Act in accordance with the rules and regulations prescribed by the Commission under Section&nbsp;305(b)(2) of
the Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(g)&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers
and controlling persons of the registrant pursuant to the foregoing provisions or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in
the Securities Act of 1933 and is therefore unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of
the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933, and will be governed by the final
adjudication of such issue. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Part II-5 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets
the requirements for filing this Registration Statement on Form S-3 and has duly caused this Registration Statement on Form S-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Aliso Viejo, State of
California, on the 27 day of January, 2017. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt"><B>SMITH MICRO SOFTWARE, INC.</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">/s/ William W. Smith, Jr.</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Name: William W. Smith, Jr.</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Title: Chief Executive Officer (principal executive officer)</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>POWER OF ATTORNEY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">KNOW ALL BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints William W. Smith, Jr. and Steven M. Yasbek
or either of them, as his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, in any and all capacities, to sign any or all amendments (including post-effective amendments) to this registration statement,
and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and
thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or their substitutes, may
lawfully do or cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, this registration statement
has been signed by the following persons in the capacities and on the dates indicated. </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-size:10pt"><B>Signature</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-size:10pt"><B>Title</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-size:10pt"><B>Date</B></FONT></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">/s/ William W. Smith, Jr.</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">William W. Smith, Jr.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chairman of the Board, Chief Executive Officer and President (principal executive officer)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">January&nbsp;27,&nbsp;2017</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">/s/ Steven M. Yasbek</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Steven M. Yasbek</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Chief Financial Officer (principal financial and accounting officer)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">January 27, 2017</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">/s/ Thomas G. Campbell</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Thomas G. Campbell</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">January 27, 2017</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">/s/ Gregory J. Szabo</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Gregory J. Szabo</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">January&nbsp;27,&nbsp;2017</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman" ALIGN="justify">/s/ Samuel Gulko</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Samuel Gulko</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Director</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">January 27, 2017</P></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Andrew Arno</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Andrew Arno</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">January&nbsp;27, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Steven L. Elfman</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Steven L. Elfman</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">January&nbsp;27,&nbsp;2017</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>d336448dex51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="23%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="23%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top">


<IMG SRC="g336448snap2.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>L<SMALL>OEB</SMALL>&amp;L<SMALL>OEB</SMALL>&nbsp;LLP</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">10100&nbsp;Santa&nbsp;Monica&nbsp;Blvd.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Suite 2200</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Los Angeles, CA 90067</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><B>Direct&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><B>Main</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><B>Fax</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">310.282.2000</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">310.282.2000</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">310.282.2000</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center">January&nbsp;27, 2017 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Smith Micro Software, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">51 Columbia </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Aliso Viejo, California 92656 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">We have acted as securities counsel for Smith Micro Software, Inc., a Delaware corporation (the &#147;Company&#148;), in connection with the preparation and
filing by the Company of a registration statement on Form S-3 (including the Offering Prospectus constituting part thereof (together, the &#147;Prospectus&#148;)) to which this opinion letter has been filed as an exhibit (the &#147;Registration
Statement&#148;), relating to the offer and sale by the Company from time to time, pursuant to Rule 415 under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), of (i)&nbsp;shares of common stock, $0.001 par value per share
(the &#147;Common Stock&#148;), (ii)&nbsp;shares of preferred stock, $0.001 par value per share (the &#147;Preferred Stock&#148;), (iii)&nbsp;warrants to purchase Common Stock or Preferred Stock (the &#147;Warrants&#148;), and (iv)&nbsp;units
consisting of one or more of the foregoing (the &#147;Units&#148;). The Common Stock, Preferred Stock, Units and Warrants are collectively referred to herein as the &#147;Securities.&#148; The Securities being registered for sale by the Company are
for a maximum aggregate offering price of $10,000,000. Such Securities may be offered and sold from time to time pursuant to Rule 415 under the Securities Act, at which time it is contemplated that the Offering Prospectus included in the
Registration Statement will be supplemented by one or more supplements (each a &#147;Prospectus Supplement&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">In rendering our
opinions set forth below, we have reviewed such corporate documents and records of the Company, such certificates of public officials and such other matters as we have deemed necessary or appropriate for purposes of this opinion letter. As to facts
material to the opinions expressed herein, we have relied upon oral and written statements and representations of officers and other representatives of the Company. We also have assumed (a)&nbsp;the authenticity of all documents submitted to us as
originals; (b)&nbsp;the conformity to the originals of all documents submitted to us as copies; (c)&nbsp;the genuineness of all signatures; (d)&nbsp;the legal capacity of natural persons; and (e)&nbsp;the truth, accuracy and completeness of the
information, factual matters, representations and warranties contained in all of such documents. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">Based upon such examination, and subject
to the further assumptions, qualifications and limitations contained herein, it is our opinion that: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">1. The Common Stock to be sold by
the Company (including any Common Stock duly issued upon (i)&nbsp;the exchange or conversion of any shares of Preferred Stock that are exchangeable or convertible into Common Stock, or (ii)&nbsp;the exercise of any duly issued Warrants exercisable
for Common Stock, upon issuance and delivery of certificates (or book-entry notation if uncertificated) for such Common Stock against payment therefor of such lawful consideration as the Company&#146;s Board of Directors (the &#147;Board&#148;) (or
a duly authorized committee thereof) may determine), will be validly issued, fully paid and non-assessable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Los Angeles&nbsp;&nbsp;&nbsp;&nbsp;New
York&nbsp;&nbsp;&nbsp;&nbsp;Chicago&nbsp;&nbsp;&nbsp;&nbsp;Nashville&nbsp;&nbsp;&nbsp;&nbsp;Washington, DC&nbsp;&nbsp;&nbsp;&nbsp;Beijing&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong&nbsp;&nbsp;&nbsp;&nbsp;www.loeb.com </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:6pt; font-family:Times New Roman">A limited liability partnership including professional corporations </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">


<IMG SRC="g336448snap3.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">January 27, 2017</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="right"> Page
 2
</P></TD></TR></TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">2. The Preferred Stock (including any Preferred Stock duly issued upon (i)&nbsp;the exchange
or conversion of any shares of Preferred Stock that are exchangeable or convertible into another series of Preferred Stock, or (ii)&nbsp;the exercise of any duly issued Warrants exercisable for Preferred Stock, upon issuance and delivery of
certificates (or book-entry notation if uncertificated) for such Preferred Stock against payment therefor of such lawful consideration as the Board (or a duly authorized committee thereof) may determine), will be validly issued, fully paid and
non-assessable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">3. The Units, upon their issuance and delivery of certificates (or book-entry notation if uncertificated) for such Units
against payment therefor of such lawful consideration as the Board (or a duly authorized committee thereof) may determine, to the extent that such Units constitute Common Stock, Warrants and/or Preferred Stock, will be validly issued, fully paid and
non-assessable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">4. The Warrants, upon their issuance and delivery of certificates (or book-entry notation if uncertificated) for such
Warrants against payment therefor of such lawful consideration as the Board (or a duly authorized committee thereof) may determine, will be validly issued and will constitute valid and legally binding obligations of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">In rendering the foregoing opinions, we have assumed that: (i)&nbsp;the Registration Statement, and any amendments thereto, shall have become
effective under the Securities Act and will remain effective at the time of issuance of any Securities thereunder); (ii)&nbsp;a Prospectus Supplement describing each class or series of Securities offered pursuant to the Registration Statement, to
the extent required by applicable law and relevant rules and regulations of the Securities and Exchange Commission (the &#147;Commission&#148;), will be timely filed with the Commission; (iii)&nbsp;the definitive terms of each class or series of
Securities shall have been established in accordance with resolutions duly adopted by the Board (or an authorized committee thereof) (each, a &#147;Board Action&#148;), the Company&#146;s Certificate of Incorporation, as amended (the
&#147;Certificate&#148;), and applicable law; (iv)&nbsp;the Company will issue and deliver the Securities in the manner contemplated by the Registration Statement, the Prospectus, the applicable Prospectus Supplement and any applicable underwriting
agreement; (v)&nbsp;the total number of shares of Common Stock and Preferred Stock issuable (including upon conversion, exchange or exercise of any other Security) will not exceed the total number of shares of Common Stock and Preferred Stock, as
the case may be, that the Company is then authorized to issue under its Certificate; (vi)&nbsp;the Board Action authorizing the Company to issue, offer and sell the Securities will have been adopted by the Board (or an authorized committee thereof)
and will be in full force and effect at all times at which the Securities are offered or sold by the Company; and (vii)&nbsp;all Securities will be issued in compliance with applicable federal and state securities laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">With respect to any Securities consisting of Preferred Stock (or any series thereof), we have further assumed that an appropriate Certificate
of Designation establishing the designations, preferences, rights and other terms of such series of Preferred Stock being issued and delivered shall have been duly approved by the Board and filed with and accepted for record by the Secretary of
State of the State of Delaware. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">With respect to any Securities consisting of Warrants, we have further assumed that (i)&nbsp;such
Warrants shall have been issued pursuant to a warrant agreement (individually, a &#147;Warrant Agreement&#148;) between the Company and a warrant agent to be identified in the applicable Prospectus Supplement (the &#147;Warrant Agent&#148;);
(ii)&nbsp;such Warrant Agreement shall have been duly authorized, executed and delivered on behalf of the Company; (iii)&nbsp;all terms of such Warrants shall have been established in accordance with
</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">


<IMG SRC="g336448snap3.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">January 27, 2017</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL" ALIGN="right"> Page
 3
</P></TD></TR></TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">
the provisions of such Warrant Agreement(s); (iv)&nbsp;such Warrants shall have been duly executed, issued and delivered in accordance with the provisions of such Warrant Agreement(s);
(v)&nbsp;such Warrants and the related Warrant Agreement(s), as executed and delivered, do not violate any law applicable to the Company or result in a default under or breach of any agreement or instrument binding upon the Company; and
(vi)&nbsp;such Warrants and the related Warrant Agreement(s), as executed and delivered, comply with all requirements and restrictions, if any, applicable to the Company, in any case whether imposed by any court or governmental or regulatory body
having jurisdiction over the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">To the extent that the obligations of the Company under any Warrant or Warrant Agreement may be
dependent on such matters, we further have assumed for purposes of this opinion letter that the Warrant Agent under each Warrant Agreement (i)&nbsp;is duly organized, validly existing and in good standing under the laws of its jurisdiction of
organization; (ii)&nbsp;is duly qualified to engage in the activities contemplated by such Warrant Agreement; (iii)&nbsp;has duly authorized, executed and delivered such Warrant Agreement and such Warrant Agreement constitutes the legally valid and
binding obligation of such Warrant Agent enforceable against such Warrant Agent in accordance with its terms; (iv)&nbsp;is in compliance, with respect to acting as a Warrant Agent under such Warrant Agreement, with all applicable laws and
regulations; and (v)&nbsp;has the requisite organizational and legal power and authority to perform its obligations under such Warrant Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">We express no opinion with respect to the enforceability of: (i)&nbsp;provisions relating to choice of law, choice of venue, jurisdiction or
waivers of jury trial, or (ii)&nbsp;any waiver of any usury defense. This opinion letter is rendered as of the date hereof, and we disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed herein or any
subsequent changes in applicable law that may come to our attention, and we have assumed that no change in the facts stated or assumed herein or in applicable law after the date hereof will affect adversely our ability to render an opinion letter
after the date hereof (i)&nbsp;containing the same legal conclusions set forth herein and (ii)&nbsp;subject only to such (or fewer) assumptions, limitations and qualifications as are contained herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">We express no opinion herein as to the law of any state or jurisdiction other than the laws of the State of Delaware and the federal laws of
the United States of America. We are not rendering any opinion as to compliance with any federal or state antifraud law, rule, or regulation relating to securities, or to the sale or issuance thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:11pt; font-family:Times New Roman">We hereby consent to the filing of this opinion letter with the Commission as Exhibit 5.1 to the Registration Statement in accordance with the
requirements of Item&nbsp;601(b)(5) of Regulation S-K under the Securities Act and to the reference to our firm therein and in the Prospectus and any Prospectus Supplement under the caption &#147;Legal Matters.&#148; In giving such consent, we do
not thereby admit that this firm is within the category of persons whose consent is required under Section&nbsp;7 of the Securities Act or the rules and regulations of the Commission thereunder. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:11pt; font-family:Times New Roman">Sincerely yours, </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:11pt; font-family:Times New Roman">/s/ Loeb&nbsp;&amp; Loeb LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:54%; text-indent:-2%; font-size:11pt; font-family:Times New Roman">Loeb&nbsp;&amp; Loeb LLP </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>d336448dex231.htm
<DESCRIPTION>EX-23.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-23.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 23.1 </B></P>
<P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Board of Directors and Shareholders </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Smith Micro Software, Inc.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">We consent to the incorporation by reference in this Form S-3 of Smith Micro Software, Inc. and Subsidiaries (collectively the &#147;Company&#148;) of
our report dated March&nbsp;9, 2016, relating to the consolidated financial statements and the financial statement schedule of the Company, appearing in the Annual Report on Form 10-K of the Company for the year ended December&nbsp;31, 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">We also consent to the reference to our firm under the heading &#147;Experts&#148; in such Prospectus. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">/s/ SingerLewak LLP </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">SingerLewak LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Los Angeles, California </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">January&nbsp;27, 2017 </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g336448snap1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g336448snap1.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MPSI6MVR %W\ >!Y'^(?CN1N#B"33?#=MISDC'_$Y53][! /YU]!;=_P4JL6
M"@_MA7A51P%'_">WH50!V"X ^E ']1'Q1^,'@/X-:-#XA^(.HZCH^AN+MI=4
ML_#GB+7;/3X;"#[3=W>K3:!I=X-)LHX/F-Q=^3%P0&)!  .$^$W[5?P,^.6I
MG2OA3XNN_%\L?VI9[VP\*^+8-%M9K.WCNIK2[UV^T.#3[2]^SRQ2+;RW*2NL
MBE%;- 'J'Q$^)G@+X3>&KGQA\1O%6D>$?#MI)% VHZM<>5]HNYVV6UAI]K&K
MW&IZE,_RQ6=I#//(<A(VP: / /$O[97P[\%:&/%WC+P'\<O"O@,-;;_'FM_"
M7Q':^&[6"\=([.]U!55]3TRRF>2,++>:; ,R(&P6 (!ZYI'QU^%GB/X;+\7/
M"GBA/%_@!F\M-9\(Z9J_B:9YENX[&6U71]&L+C4OM<-S(J36YM!+#R9%55)
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MP\:^(_\ *M647_@1^5<4^_BJ&*>^+C4J1?\ T[565.E\N2FI+_$?I9_P3/\
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M#@XR/^$JT,X..V0/RK^?O#[_ )*[)_*=7_U'JGZMQ7ID&8=/=I_^G8'Y2?\
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MDU>S9\SQ7@</B<GQ-:K!*MA(>TI3LN:+35XW_EFM'':]GND?&7[$'@:]TO\
M9;_:@^(5Y;O#;^+_  KXKT;17<%?M%AX5\':XE[<Q CYH&U/4IX PXWV,@[&
MOMN.\?3J\6<*Y;3DG+ U\/4J+^6=?$TG&+\U""EZ21\WPOA)4LBSO%R3BL12
MJPAYQI49W:\N:5O6+/K#]K+P ?'W[%LHMH#/J?@[PAX.\=:8J)OD#^'--LY=
M1"8Y&[1)M3!QUKY#@_,?[.XXCS2Y:6,Q.(PL];*U:<E#[JJ@?09_A/K7#3LO
M?PU*C6CI_P ^XKF_\D<C\W_^"=FFZUXD^. \/V\C'PA:6=CX_P#%%OM)2:^\
M&SSQ>#26SA"FN:X)L$$M]D']ROTWQ*JT,+D/UB2MC)2EA*#VM#$I/$_?2I<O
MES>9\7P;"K5S/V47;#Q4:]56T;HW5+T:G-/SMY'H7_!4WCXQ?#;V^&MS^GB>
M_KSO"73)<S\L;'_TQ [./-,PP?EA_P#W),^R_P#@F?\ \FTK_P!E#\9_^C-/
MKXGQ1_Y*A_\ 8'AORF?2\%?\B5?]?ZOY0/QI_:G_ .3AOCS_ -E'\6?^E+5^
MV<)?\DUP_P#]@6'_ /24?FN>_P#(YS/_ +":O_I;/Z9_AM_R3OP#_P!B7X6_
M],=C7\MYI_R,\Q_[":__ *=F?MV"_P!SPG_7FE_Z1$_,W_@JU_R*?P8_[&KQ
M5_Z8[*OU'PC_ -\SO_KQA_\ T[,^)X^_W;+O^OM3_P!)B1_\$H_^19^-?_8S
M>$/_ $S:G3\7?][R/_KQB/\ TY 7 /\ N^8_]?*7_I,S]._B%_R(/CC_ +%#
MQ+_Z9;VORS+?^1A@/^PBA_Z=B?;XS_=,5_UYJ_\ I$C^8C]F7CX^_ GV^)?@
MW\/^)C#7]4<4:<.Y_P!+8'$_^D,_$,CTS?+.EL32_P#2T?O1^WEQ^RC\6/\
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MOA+]K#]G^ZT71_C9X5C_ +/\4^&-?EFL/"?Q;\+/:-IUSH^JZA:0RR:'K_\
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CIUEJ"P%PYA%[;17(B+A5#E!)MW!1G&<#I03M\C1H * /_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g336448snap2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g336448snap2.jpg
M_]C_X  02D9)1@ !  $ 8 !@  #__@ ?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$  (" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M @(" @,# @(# @(" P0# P,#! 0$ @,$! 0$! ,$! ,! @(" @(" @(" @,"
M @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# __$ :(   $% 0$! 0$!           ! @,$!08'" D*"P$  P$!
M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M,:]51C%59)1BE))))626B6B/(_\ AI+]HK_HOGQJ_P##I^.?_E[7?_8^4_\
M0KPG_A-1_P#D#B_M7-/^AEBO_"BK_P#)A_PTE^T5_P!%\^-7_AT_'/\ \O:/
M['RG_H5X3_PFH_\ R ?VKFG_ $,L5_X45?\ Y,/^&DOVBO\ HOGQJ_\ #I^.
M?_E[1_8^4_\ 0KPG_A-1_P#D _M7-/\ H98K_P **O\ \F'_  TE^T5_T7SX
MU?\ AT_'/_R]H_L?*?\ H5X3_P )J/\ \@']JYI_T,L5_P"%%7_Y,/\ AI+]
MHK_HOGQJ_P##I^.?_E[1_8^4_P#0KPG_ (34?_D _M7-/^AEBO\ PHJ__)BC
M]I+]HK_HOGQI_P##I^.?_E[1_8^4Z?\ "7A/_":C_P#(">:YHE_R,L4O^YBM
M_P#)G]!_["WBKQ/XM_90\'^(O%?B/7O$WB&Y/C7[3KOB'6-0UK6;C[)XDUJ"
MU\_5-2N)KF7R8(HHX]TIV)$BK@* /RCB&C1H9YB*-&E"C2C*E:$(QA!7C&]H
MQ22OUT/TW(ZU:KDD*M6K.I5Y:OOSE*4]'*WO-MZ=-=#Y._X6;\2 3_Q<'QN,
M,P_Y&S7AC#$#_E_K]EI9+DWLJ3_LG!7<8W?U6AV7]P_#JN>9W&I52SC'149M
M)+%UU97?_3S0/^%F_$C_ **#XW_\*S7O_D^K_L3)O^A1@O\ PEH?_*S/^W<\
M_P"ASCO_  KQ'_RP/^%F_$C_ **#XW_\*S7O_D^C^Q,F_P"A1@O_  EH?_*P
M_MW//^ASCO\ PKQ'_P L#_A9OQ(_Z*#XW_\ "LU[_P"3Z/[$R;_H48+_ ,):
M'_RL/[=SS_H<X[_PKQ'_ ,L#_A9OQ(_Z*#XW_P#"LU[_ .3Z/[$R;_H48+_P
MEH?_ "L/[=SS_H<X[_PKQ'_RP/\ A9OQ(_Z*#XW_ /"LU[_Y/H_L3)O^A1@O
M_"6A_P#*P_MW//\ H<X[_P *\1_\L#_A9OQ(_P"B@^-__"LU[_Y/H_L3)O\
MH48+_P ):'_RL/[=SS_H<X[_ ,*\1_\ +#]4_AY=7-[X \#7EY<3W=Y=^#_#
M-U=75U+)/<W-S/HME+/<7$\K,\T\DK,[R.Q9F8DDDDU^$9O"%+-LTI4H1ITZ
M>+Q,80BE&,8QK348QBK*,8I)))))*R/Z"R6I.KD^4U:LY5*E3!X64YR;E*4I
M4(.4I2=W*4FVVVVVW=ZG\IO[27_)Q7Q\_P"RU?%/_P!3G7:_9LG_ .13E?\
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MY$,/\-;\Y'QJ>I_WF_\ 0C7[G2_@TO\ !'\D?S[6_BUO\;_]*D%69A0 4 %
M!0 4 ?L)\,O^2;_#[_L2/"?_ *8;"OYWSO\ Y'.;_P#8;BO_ $_4/Z4R+_D1
MY-_V X3_ -1Z9_*G^TE_R<5\?/\ LM7Q3_\ 4YUVOV3)_P#D4Y7_ -@F&_\
M3,#\IS7_ )&F9?\ 85B/_3LSQ6O1. * "@ H * %%'83V/Z6_P#@GK_R9MX(
M^OCW_P!2G7J_'.)O^2@Q/^*E_P"D0/UC(/\ D0P_PUOSD?&IZG_>;_T(U^YT
MOX-+_!'\D?S[6_BUO\;_ /2I!5F84 % !0 4 % '["?#+_DF_P /O^Q(\)_^
MF&PK^=\[_P"1SF__ &&XK_T_4/Z4R+_D1Y-_V X3_P!1Z9_*G^TE_P G%?'S
M_LM7Q3_]3G7:_9,G_P"13E?_ &"8;_TS _*<U_Y&F9?]A6(_].S/%:]$X H
M* "@ H 44=A/8_I;_P"">O'[&W@CV/CW]/%.O5^.<2_\E#B%M[]+_P!(@?J^
M0:9!#RC6_.1\:]"?9F_1C7[I2BU2IZ6Y81UZ:I6L?S]5:]K5UWG)V[6D]^P=
M/P_I5V?8ST_F7]?(3],?ATHLUT'HOM)??_D'2BS[6!6_F6GK_D+19]A:?S+^
MOD)^F/PZ46:Z#T7VDOO_ ,@Z46?:P*W\RT]?\C]A?AEQ\-OA][>"/"?Z:#85
M_.V=Z9SF_EC<5_Z?J'])Y%ID>3>6!PG_ *CTS^5/]I+_ ).*^/G_ &6KXI_^
MISKM?LF3_P#(IRO_ +!,-_Z9@?E.:_\ (TS+_L*Q'_IV9XK7HG % !0 4 %
M"C\L?ATH6Z$]%Z']*_\ P3PO=,3]D7X?6EW?V4)>Z\:1RPRWD$4@23Q=K:D%
M6D#(2C<=#@@CJ*_&N)U/^W,7.$7[KIM/E;VA']4?K/#CI_V-0IU)12E[1-<R
M6CD_NT9[+_PS]\"/^?6+K_T-=Z<9.?\ H(5LN+>(XQC!8J7+%))>RAI;1?9.
M)\'<-.3E]77-+?\ >OJ[OJ'_  S]\"/^?6+_ ,*N^_\ EC1_K;Q)_P!!4O\
MP5#_ .1#_4WAC_H&C_X-?^8?\,_? @?\NL0_[FN^'_N1H_UMXD_Z"I?^"H?_
M "(?ZF\,+_F&BO\ N*_\P_X9^^!'_/K%_P"%7??_ "QH_P!;>)%_S%27_<*'
M_P B'^IO#'_0-'_P:_\ ,/\ AG[X$?\ /K%_X5=]_P#+&C_6WB3_ *"I?^"H
M?_(A_J;PQ_T#1_\ !K_S#_AG[X$#_EUB'_<UWP_]R-'^MO$G_05+_P %0_\
MD0_U-X87_,-%?]Q7_F'_  S]\"/^?6+_ ,*N^_\ EC1_K;Q(O^8J2_[A0_\
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M5YVMIW.+%Y3A,/0=2GF=.M.+BHP4)IMMVW<4M+WW/6];_8Z\">#K?PPOC_\
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M_P"3=?@'_P!D5^%G_J#:%7X1F_\ R-LT_P"PO$_^GIG[7E7_ "*\M_[!</\
M^F8'\PW[27_)Q7Q\_P"RU?%/_P!3G7:_9LG_ .13E?\ V"8;_P!,P/R/-?\
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M>ZM>>)[']K>72_ =W/-J</@UOAOXAN_B-I\$\C7"^'HI&5;66[AW>0EX]L5
M4,R.06;BCF>?0H+"SR;FQ,4H.I[6"H/2RD^OK'Y7.QY?DKJ_689HHX9^\J?L
MINJK?9_E^=[>70]A^,7[6GPD^./P/\3_  8MM?\ B/\ #F#P8/#K_#O6O$TE
MSXINOB_8>&K)H(])^);Z-9RSZ=>2W4$-S%))+-"DPM;B5\P20UQ9?D689;F6
M&Q[H4L6ZWM/;4X-4E0<WK*CS/513L[).UTD[G3C<YR_'9?5P,:M3#*A[/V4Y
MIS=;D5DJK2WZQ>J36Y^6?YCIP>H]1QZ5]TM+>7]?@?&/1]%;MM\O4*8']<?[
M-G_)NOP#_P"R*_"S_P!0;0J_",W_ .1MFG_87B?_ $],_:\J_P"17EO_ &"X
M?_TS _F&_:2_Y.*^/G_9:OBG_P"ISKM?LV3_ /(IRO\ [!,-_P"F8'Y'FO\
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M.==K]FR?_D4Y7_V"8;_TS _(\U_Y&F9?]A6(_P#3LSW7_@GCQ^TSI/;'P_\
MB8?R\+W%>1Q=_P BBVW[ZEHO^OD=SU>%],P?2U*IOT_=5?Z^\^('D3S)/G4?
MO)/XA_?;'>OI*+_=4]'&T8Z?)'S]2+]I/2_O/5)H^]OV9["X^('[,'[7'PD\
M+;[OQ[=VW@/XA:3H=K\VH>(M"\(ZJL^MV5C$IW74\*V\86% S-)?P*!F09^6
MSEQPF=Y+CZUEA(N=&<GM3E)>ZWT5]K]$G<^ERF#Q&49G@J::Q#5.I&/6482=
MTENW%2YM/EL?!.0H.[Y0I*L&^0HRDAE<-@HRD$$'!!X."*^L7PQY=8WNI7OI
MJUMHX_EU/EW"<9.FTU/JFOEMW[6N?H-8Z;=?#O\ X)_S0>*UDT^_^-OQX\-:
MUX T:\5HKVXT#PU'I3W_ (EAMI &2QF_LR2,2X&^.YM'&4N4W?(5)QQG%#="
M+E#+\+4A6E%JW-)/EC==5?UT?8^MHTY8/A_EK-1EC:T94HN]U&$6G*W9NR[:
M]M3VW]LW]JCQ5\,/VB/&7@O3/AY\#=>L]*TSP;+#JGC3X::=XA\1W!O_  EI
M%_(M]K$][')<I')<-'$"@\N)(T'"YKAX?R.AC<KI8B>+Q5&<I5;0IXAPII1J
MRBDH]]+ON]3KSO-JV$QTZ-/!X>I&FH7E4H1G-WIP>K:??RTL?E+XL\1R^+/$
M'B+Q/=VFD:=>>(=2U#6+G3M L8M+T6QGOY'GDM='TR)F33]/C9BL5NC$(H !
M.*^WP]&.&P].A"4IJ"Y7*I+GD]+:R;N_-[L^.J5)U\1*M.G&ES23M"/)!>]?
M2*22MT6Q^I_[4G[3?Q!^#^M?!_PKX7TSX;W>FS?L_?"_5WE\6> M"\2ZF+JZ
ML+NWE1-0U)#*EJ([2+9"/E5C(1RYKX;(\GPF.I8NK7K5Z,XXJM&U.M*G"REI
MHNOGZ'V.;YKB,%/"4J5"E6A]6HN\J,9ROR=6TW;33:WF<+\!?VU/B9XR^*'A
M/X9^*/"/PUUCP?\ %/5[/X>^*=)\*^"+/PEK-SHOBF4:5>7%IJWAR>WN8WM(
MKAKE@Q*^7!)S&VV6/IS3AS!X7 UL92Q5:-;"1]K3=6JZD>:&JO&2:UMV,,MS
MW%8C&4\+4PE)TJ[]G45.DH2Y9V3M**B]+]]^A\X^*_@YX4\,_%#]J'P/;W%]
M?:5\(-"\8:CX1G2["S+<:-XL\-Z9IT6INJ$7IM[#6+FWF3Y-\T(<D$8KV,-F
M5>K@,FK<O++&3A3J):Z>RFW);<K;BGZ'DXC 4:6-S*CS<T<*IN#\_:QA9[]&
M_GY:'EG@?PII&O\ A'XP:UJ"W)O?!'@O1M=T(P7!@B2_OO&_AS0)S>1;3]JA
M_L[5+H+&2N'*/GY<'T,7B*E"OE]*GI"O4DI77O65.4DOO2.#"T(5:&*J2^*G
M%.-GHO?@OR;1Z'\!?AQHOCC0_BGJU_X.F\=:IX.L?!DVB:!_PG-K\/K-_P"W
M]>NM-U.[O=;O'2)S#:PQM% 9$+LQVACP.+-\96PM7!4Z=:.$C6]KS2=.55^Z
MKQ7)'WD_\CLRO"4J]+%5*E'VSI<J24XP2=[7O-6\OGY&?\;? WA+P?I_@:ZT
MC2T\(>+-<3Q)_P )5\/8_'ND_$>+0;+3;RPA\-ZX->TD'["VL17&I*=,NI9I
MH_[)%P"L5VBC3*\5B*\Z\*DW7H4^3V=9T)T'-R3YH\DW=\C2]Y63YK=#/,L/
MAZ$:$J25*I)/GIJI"IRI6:=X*RYKR5FV_=OLTCP#I^'Z8KV-KJ^S/*6RTL?U
MQ?LV?\FZ_ /_ +(K\+/_ %!M"K\(S?\ Y&V:?]A>)_\ 3TS]KRK_ )%>6_\
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G4F[MMMW;>K>K.V$(4X1ITXJ$()1C&*2C&*5E&*5DDDK)+1+1'__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g336448snap3.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g336448snap3.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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MZFF-WCZ'.5W' % !0![#HO\ R M/_P"O:/\ ]!%>!5_B2]6?0T?X<?1'S?\
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MA'=BRA<R6\H'."3\T9P<-CL12IR:?O,=177NHX2NDYSZY\'?\B1H'_8/M_\
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4"(B*%55 P  .@%9MWU9:5M$?_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
