Mobilesmith extends subordinated convertibles by two years until 2018

Purchase agreements dating from 2007 and 2014 were amended Tuesday

By Susanna Moon

Chicago, May 18 – Mobilesmith, Inc. amended its convertible secured subordinated note purchase agreements dated Nov. 14, 2007 and its convertible subordinated note purchase agreement dated Dec. 11, 2014 on Tuesday.

As a result, the two series of convertibles were extended to Nov. 14, 2018 from Nov. 14, 2016, according to an 8-K filing with the Securities and Exchange Commission.

Durham, N.C.-based MobileSmith, formerly known as Smart Online, Inc., is a provider of mobile software solutions for enterprise customers.

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