Sonim Technologies

No stockholder action required at this time San Diego, California--(Newsfile Corp. - June 27, 2025) - The Special Committee of the Board of Directors (the "Special Committee") of Sonim Technologies, Inc. (NASDAQ: SONM), formed to oversee the Company's ongoing strategic alternatives process, today confirmed receipt of an unsolicited, non-binding proposal from Orbic North America, LLC to acquire substantially all of Sonim's operating assets for $25 million. The proposal, dated June 26, 2025, represented that this $25 million offer would not preclude Sonim consummating the Reverse Take Over (RTO) transaction contemplated in the recently disclosed letter of intent with a private US-based company which is building out Nvidia-based High-Performance Computing (HPC) (see press release dated June 26, 2025, https://ir.sonimtech.com/news-events/press-releases/detail/263/sonim-technologies-signs-letter-of-intent-for-reverse).» Mehr auf newsfilecorp.com

Hauppauge, New York--(Newsfile Corp. - June 26, 2025) - AJP Holding Company, LLC ("AJP") and Orbic North America, LLC ("Orbic"), an international leader in mobile technology innovation, which together have an investment representing an approximately 19% economic interest in Sonim Technologies, Inc. (NASDAQ: SONM) ("Sonim" or the "Company"), today sent an open letter to the stockholders of Sonim. In its letter, AJP and Orbic highlight, in the view of AJP and Orbic, the devastating losses suffered by Sonim and its stockholders under the management of the incumbent Board, a series of entrenchment efforts taken by the incumbent board and a seriously flawed strategic evaluation process pursued by the Special Committee of the Board.» Mehr auf newsfilecorp.com

Offer to acquire substantially all of Sonim's assets for a cash purchase price of $25 million Purchase price equates to a price per share of $2.418 Hauppauge, New York--(Newsfile Corp. - June 26, 2025) - Orbic North America, LLC ("Orbic"), an international leader in mobile technology innovation, sent a revised acquisition proposal letter to Sonim Technologies, Inc. (NASDAQ: SONM) ("Sonim" or the "Company"), today in which Orbic re-emphasized Orbic's interest in negotiating a mutually agreeable transaction with Sonim. In its non-binding proposal, Orbic proposed to purchase substantially all of Sonim's assets for a cash purchase price of $25 million, which equates to a price per share of $2.418.» Mehr auf newsfilecorp.com