Sonim Technologies Provides Update on Strategic Alternatives Initiatives

Core Viewpoint - Sonim Technologies is urging stockholders to support its qualified director nominees at the upcoming Annual Meeting on July 18, 2025, emphasizing the importance of protecting stockholder value amidst unsolicited acquisition proposals from Orbic North America, LLC [1][2][3]. Group 1: Strategic Alternatives Process - Following an unsolicited acquisition approach from Orbic in January 2025, Sonim's Board formed a Special Committee to explore strategic alternatives aimed at maximizing stockholder value [2][4]. - The Special Committee has identified potentially superior alternatives to the Orbic proposal, including a sale of assets to Social Mobile for up to $20 million and a reverse takeover transaction targeting a $15 million valuation for Sonim [5][9]. Group 2: Orbic's Proposal and Engagement - Orbic's engagement has been characterized by strategic inconsistency and adversarial behavior, with the company having over $22.5 million in judgments against it and a history of legal disputes [5][7][10]. - Orbic's proposals have been vague and conditional, lacking material terms or financing details, raising doubts about its ability to finance any acquisition [10][11]. Group 3: Board Nominees and Stockholder Vote - Sonim's Board emphasizes the independence and credibility of its director nominees, urging stockholders to vote using the WHITE proxy card to support these nominees [12][13]. - The Board strongly recommends that stockholders protect their investment by voting as soon as possible, regardless of attendance at the Annual Meeting [14].