Sonim Technologies

Shareholders of Sonim Technologie approved at an extraordinary general meeting the sale of nearly all assets of the 5G enterprise solutions business unit to Pace Car Acquisition. Of 886,409 shares represented, 761,808 voted in favor of the asset purchase agreement, which covers legacy business, rugged phones, smartphones, wireless internet devices as well as software, services and accessories. In addition to approving executive compensation arrangements, Sonim plans a 1-for-18 reverse stock split and had previously announced other asset sales. » Más en de.investing.com

Sonim Technologies’ compensation committee approved a conditional cash retention bonus for CFO Clay Crolius, payable only upon the closing of an asset purchase agreement, and a replacement cash payment for Executive Chairman Michael Mulica because there were not enough shares available to issue RSUs. The measures were approved on December 1, 2025, according to SEC filings. Sonim also plans to sell assets worth $15 million to NEXA Mobility (with up to $5 million in earn-out) and completed a 1-for-18 reverse stock split effective October 27, 2025; the company is described as a micro-cap with high cash burn and a steep decline in its share price. » Más en de.investing.com

Sonim Technologies has begun selling the rugged 5G flip phone XP3plus on AT&T’s network with FirstNet certification, highlighting features such as a Qualcomm 5G chipset, user-replaceable battery and MIL-STD-810H/IP68 ratings. The device is being marketed specifically to emergency services. Sonim is currently reporting losses but analysts expect a return to profitability. At the same time, the company is subject to a planned $20 million cash takeover by Social Mobile, a deal criticized by major shareholders including AJP Holding Company and Orbic North America. » Más en de.investing.com