Mobile Devices
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X @ShapeShift
ShapeShift· 2025-08-04 15:03
Product Launch - Solana Mobile's "Seeker" devices officially begin shipping [1] - Tens of thousands of devices are being shipped to over 50 countries [1] Market Reach - The company is expanding its reach to a global audience, shipping to over 50 countries [1] Customer Appreciation - Solana Mobile expresses gratitude for the support and belief in Solana Mobile since day one [1]
Sonim XP Pro Ultra-Rugged Smartphone Now Available Across Canada on Bell, Telus, Rogers, and SaskTel
Newsfile· 2025-07-30 11:00
Core Viewpoint - Sonim Technologies has launched the Sonim XP Pro ultra-rugged smartphone across Canada, designed for mission-critical professionals, offering unmatched durability, performance, and reliability [2][3][7]. Product Features - The Sonim XP Pro is equipped with 8GB of RAM and 256GB of storage, expandable to 2TB, enabling it to handle demanding applications such as near real-time monitoring and high-resolution imaging [5]. - The device meets and exceeds IP68 and MIL-STD-810H durability standards, with water resistance certified for IPX9K, capable of withstanding submersion in water for one hour at a depth of 2 meters [6]. - It can endure drops from 2 meters onto concrete and operates in extreme temperatures ranging from -20°C to 55°C [-4 °F to 131 °F] [6]. - The XP Pro features programmable buttons for Push-to-Talk (PTT) and SOS functions, ensuring quick access to essential tools [6]. - Powered by the Snapdragon® Gen 7 processor, the XP Pro provides ultra-reliable connectivity and faster data speeds, even in remote environments [6]. - The device includes dual loudspeakers with over 100 dB output and advanced noise cancellation for clear communication in noisy settings [6]. - A robust 5000mAh battery supports long workdays with fast-charging options [6]. Market Availability - The Sonim XP Pro is now available through major Canadian carriers including Bell, Telus, Rogers, and SaskTel [8].
Sonim Technologies Stockholders Elect All Five Sonim Nominees at 2025 Annual Meeting
Newsfile· 2025-07-22 11:00
Group 1 - Sonim Technologies stockholders elected all five director nominees to the Board of Directors during the 2025 Annual Meeting [1] - The Board stated that the election outcome validates their initiatives to return value to stockholders and ensure long-term success, highlighted by the agreement with Social Mobile [2] - Sonim has entered into a definitive agreement for Social Mobile to acquire its assets and substantially all current liabilities for $20 million, which includes a potential $5 million earn-out [2] Group 2 - Sonim Technologies is a leading provider of rugged mobile solutions, including phones and accessories designed for durability in demanding environments [4] - 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 [4] - Sonim's devices enhance user experience while providing extra protection, connecting users with various applications [4]
Sonim Technologies to Be Acquired by Social Mobile
Newsfile· 2025-07-18 11:00
Acquisition Overview - Sonim Technologies, Inc. has entered into a definitive agreement for Social Mobile to acquire its assets and substantially all current liabilities for $20 million, which includes a potential earn-out of $5 million in an all-cash transaction [1][4] - The transaction is expected to close in Q4 2025, pending customary closing conditions, including shareholder and regulatory approvals [3][4] Strategic Alignment - This acquisition aligns with Social Mobile's strategy to expand its presence in the purpose-built enterprise mobility market, leveraging Sonim's expertise in mission-critical mobile solutions [2][4] - The combination of Social Mobile's resources and Sonim's strong foundation is anticipated to enhance product portfolios, service capabilities, and drive innovation to meet evolving customer needs [4] Leadership Insights - Robert Morcos, CEO of Social Mobile, expressed enthusiasm about the synergies created by the acquisition and the potential for growth and value delivery to Sonim's customers [4] - Mike Mulica, Chair of the Board of Directors at Sonim, highlighted that the acquisition represents a pivotal step in returning value to shareholders while ensuring Sonim's long-term success [4] Company Profiles - Sonim Technologies is a leading provider of rugged mobile solutions, trusted by first responders and Fortune 500 companies, with a focus on durability and protection for users [6][7] - Social Mobile specializes in enterprise mobility solutions and custom device development for major industries, having distributed over 15 million devices globally [8][9]
ISS Recommends Sonim Technologies Stockholders to Vote "FOR" Company Nominees on the WHITE Proxy Card
Newsfile· 2025-07-11 11:30
Core Viewpoint - Institutional Shareholder Services (ISS) recommends that Sonim Technologies stockholders vote "FOR" the company's nominees on the WHITE proxy card ahead of the Annual Meeting on July 18, 2025, highlighting concerns over Orbic's acquisition proposals [1][2][3] Group 1: ISS's Recommendation - ISS has determined that Orbic has not made a compelling case for change and that the Sonim Board's response to Orbic's demands is appropriate [2] - The board's response to Orbic's unsolicited acquisition proposals is characterized as cautious due to uncertainties and the dissident's approach [2][4] - ISS emphasizes that Orbic's offers have been unreasonable and incomplete, lacking clarity on key terms [4][5] Group 2: Sonim Board's Position - The Sonim Board expresses satisfaction with ISS's recommendation, indicating that it reflects the board's view on Orbic's tactics [3] - The board highlights that Orbic's demands have been unreasonable and that their financing commitment lacks substance [5] - The board notes that Orbic's approach has included multiple rejections and a lack of clarity in their offers, which raises concerns about their intentions [4][5] Group 3: Company Background - Sonim Technologies is a leading provider of rugged mobile solutions, serving various sectors including first responders and Fortune 500 companies since 1999 [6] - The company offers a range of products including phones, wireless internet data devices, and accessories designed for durability [6]
X @TechCrunch
TechCrunch· 2025-07-10 11:40
Samsung to launch a triple-folding phone this year | TechCrunch https://t.co/MEXzjTBcEh ...
Sonim Technologies Special Committee Determines Latest Orbic Proposal to be Inferior to Social Mobile Transaction Amidst Ongoing Strategic Review
Newsfile· 2025-07-02 20:17
Core Viewpoint - Sonim Technologies' Special Committee has determined that the unsolicited proposal from Orbic North America is inferior to the existing Letter of Intent with Social Mobile for the sale of Sonim's operating assets, emphasizing the commitment to maximizing stockholder value through the Social Mobile transaction [1][2]. Group 1: Comparison of Proposals - The Social Mobile LOI offers greater transaction value and certainty as it does not require third-party financing, providing a clear path for the sale of legacy assets and a concurrent reverse takeover [2]. - Orbic's proposal is highly conditional, with financing contingent upon satisfactory due diligence and lacking clarity on the financing source, raising concerns about its feasibility [2][3]. - The likelihood of consummation is higher with Social Mobile, as negotiations for a definitive agreement are actively progressing and a cooperative relationship has been established [2][3]. Group 2: Concerns Regarding Orbic - Orbic's proposal entails high execution and timing risks, jeopardizing the progress made under the Social Mobile LOI and requiring a restart of due diligence and negotiations [2][3]. - Orbic has a concerning track record, having been involved in over ten legal actions in the past decade, including significant judgments against its affiliates [3]. - The strategy employed by Orbic, which includes litigation and a proxy contest, raises questions about its credibility and true motives [3]. Group 3: Call to Action - The Special Committee urges stockholders to support the strategic path forward with Social Mobile, which is believed to deliver the best value and terms available [4].
Sonim Technologies Announces Pricing of $5.55 Million Public Offering
Newsfile· 2025-07-01 12:55
Group 1 - Sonim Technologies, Inc. announced a public offering of 7,400,000 shares of common stock at a price of $0.75 per share, with expected gross proceeds of approximately $5.55 million [1][2] - The company intends to use the net proceeds for operations supporting its overall business strategy, working capital, and potentially for repayment and refinancing of its indebtedness [2] - Roth Capital Partners is acting as the exclusive placement agent for the offering [2] Group 2 - The offering is being conducted under a registration statement on Form S-1, which was declared effective by the SEC on June 30, 2025 [3] - A preliminary prospectus has been filed with the SEC, and electronic copies of the final prospectus will be available on the SEC's website [3] - Sonim Technologies is recognized as a leading provider of rugged mobile solutions, serving various sectors including first responders and Fortune 500 companies since 1999 [5]
Sonim Technologies Provides Update on Letter of Intent for Reverse Takeover
Newsfile· 2025-06-30 11:30
Company Overview - Sonim Technologies, Inc. is a leading 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] Proposed Transaction - Sonim Technologies has issued an update regarding a Letter of Intent (LOI) for a proposed reverse takeover (RTO) with a private US-based company that is developing Nvidia-based High-Performance Computing (HPC) AI factories [1][2] - Upon completion of the RTO, Sonim shareholders will receive equity ownership in the combined company, currently valued at $17.5 million, with potential for future value appreciation [2] Commitment to Transparency - The announcement reflects Sonim's commitment to transparency as the transaction progresses, with further updates to be shared as more information becomes available [2]
Sonim Technologies Confirms Receipt of Unsolicited, Non-Binding Proposal from Orbic North America, LLC
Newsfile· 2025-06-27 13:25
Core Viewpoint - Sonim Technologies, Inc. has received an unsolicited, non-binding proposal from Orbic North America, LLC to acquire substantially all of its operating assets for $25 million, while also pursuing a Reverse Take Over (RTO) transaction with another private company [1][2]. 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 demanding environments [3]. - The company has been trusted by first responders, government entities, and Fortune 500 companies since its inception in 1999, selling its products through tier one wireless carriers and distributors across North America, EMEA, and Australia/New Zealand [3]. Proposal Details - The proposal from Orbic North America, dated June 26, 2025, indicates that the $25 million offer would not prevent Sonim from completing the RTO transaction outlined in a recently disclosed letter of intent with a private U.S.-based company focused on Nvidia-based High-Performance Computing [1]. - The Special Committee of Sonim's Board of Directors will evaluate this proposal with the assistance of legal and financial advisors, with further updates to be provided as more information becomes available [2].