Sonim Technologies Files Preliminary Proxy Statement, Advancing Asset Purchase by NEXA Mobility

Core Viewpoint - Sonim Technologies has filed a preliminary proxy statement with the SEC for a special meeting of stockholders to vote on the proposed sale of substantially all of its assets to NEXA Mobility for a total consideration of $15 million, plus a potential $5 million earn-out in an all-cash transaction [1][2][3] Group 1: Asset Purchase Agreement - The asset purchase agreement was entered into on July 17, 2025, under which NEXA will acquire Sonim's assets and assume its current liabilities for a total consideration of $15 million, with an additional potential earn-out of $5 million [2] - The transaction is expected to close as soon as practicable after the special meeting, pending customary closing conditions [3] Group 2: Special Stockholders' Meeting - The special meeting will allow stockholders to vote on the proposed asset sale, with details to be provided in definitive proxy materials to be filed with the SEC [3] - Sonim is also pursuing a separate transaction involving its public company vehicle, which is intended to increase value for stockholders, independent of the asset sale [4] Group 3: Company Overview - Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones and wireless internet data devices, designed for users requiring durability in their work and everyday lives [5] - The company has been trusted by first responders, government, and Fortune 500 customers since 1999, selling its solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand [5]