Sonim Technologies Provides Update on Strategic Review Process and Addresses Market Speculation

Core Viewpoint - Sonim Technologies is actively evaluating strategic alternatives to maximize stockholder value and has formed a special committee for this purpose [1] Group 1: Strategic Review Process - Sonim Technologies continues to receive and evaluate inbound potential strategic alternatives [1] - A special committee has been formed to assess opportunities, and this process is ongoing [1] - No specific path or transaction has been decided yet, and no transaction has closed [1] Group 2: Market Speculation - Sonim addresses market rumors, affirming that there have been no management discussions with Orbic North America, LLC [1] - The company aims to clarify misinformation circulating in the market [1] Group 3: Financial Position - On February 24, 2025, Sonim closed additional financing, providing necessary working capital to scale its business independently [1]