Sonim Technologies Announces Inbound Strategic Interest, Forms Special Committee and Engages Roth Capital Partners to Evaluate Strategic Alternatives

Core Viewpoint - Sonim Technologies has formed a Special Committee of independent directors to explore strategic alternatives aimed at enhancing stockholder value following a recent filing by AJP Holding Company with the SEC [1][3]. Group 1: Special Committee Formation - The Special Committee will be chaired by Mr. Mike Mulica and includes Mr. James Cassano as members [2]. - The committee aims to engage in open communication with stockholders to gather input that aligns with the goal of enhancing stockholder value [2]. Group 2: Strategic Alternatives Evaluation - The Special Committee will evaluate various strategic alternatives, including potential mergers, acquisitions, or sales of the company or significant assets [3][4]. - Roth Capital Partners has been engaged as an advisor to assist the Special Committee in this evaluation process [3]. Group 3: Company Focus - Sonim Technologies continues to prioritize the provision of world-class 5G mobility solutions during this strategic review process [4].