Sonim Technologies Confirms Receipt of Non-Binding Unsolicited Indication of Interest

Company Overview - Sonim Technologies, Inc. is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories, and software designed for durability in demanding environments [3] - The company has been trusted by first responders, government, and Fortune 500 customers since 1999, selling its products through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand [3] Acquisition Interest - The Special Committee of Sonim's Board of Directors confirmed receipt of an unsolicited indication of interest from DOOGEE to acquire all outstanding shares of Sonim for $3.60 per share in cash [1] - The Special Committee stated that it lacks sufficient information to evaluate DOOGEE's offer and requires detailed information regarding financing arrangements, strategic rationale, and execution capabilities [1][2] - The Special Committee emphasized its commitment to maximizing stockholder value and is focused on advancing the current exclusive letter of intent (LOI) toward a definitive agreement [2] Market Recognition - The unsolicited indication of interest from DOOGEE highlights the market's recognition of Sonim's underlying value and business potential [3] - The Chair of the Special Committee, Mike Mulica, expressed that while the interest is welcomed, the priority remains on a disciplined evaluation process consistent with fiduciary duties [3]