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Core Viewpoint - Glass Lewis & Co. recommends Sonim Technologies stockholders support AJP/Orbic's campaign for immediate board changes by voting for their proposed director candidates [1][2]. Group 1: Board Change Campaign - AJP and Orbic are advocating for a reconstitution of Sonim's board, emphasizing the need for accountability due to the current board's history of value destruction and poor capital management [2][3]. - The three recommended nominees by AJP/Orbic possess significant industry expertise, with strengths in software, artificial intelligence, and cloud infrastructure [2]. Group 2: Voting Instructions - Stockholders are urged to vote using the BLUE proxy card for the AJP/Orbic nominees and against the incumbent board and the company's equity incentive plan [4][3]. - Voting closes on July 17, 2025, at 11:59 PM Eastern Time, and stockholders are encouraged to change their votes if they have already voted using the WHITE card [3][4]. Group 3: Company Background - Orbic is a technology company based in New York, focusing on innovative mobile solutions and providing accessible technology to a broader audience [7].

Core Viewpoint - AJP Holding Company and Orbic North America, holding approximately 19% of Sonim Technologies, are urging fellow stockholders to support their nominees for the board in light of Sonim's poor financial performance and management practices [1][2][3]. Financial Performance - Sonim reported a net loss of $33.65 million in 2024, equating to a loss of $7.13 per share, and has experienced a stock price decline of 87% in 2024, culminating in a total stock value loss of 98% over the past five years [6][15][16]. - The company has accumulated losses totaling $86.45 million from 2021 to 2024, indicating a pattern of poor financial management [6][15]. Management and Governance Issues - The current board and management have been accused of poor stewardship, engaging in entrenchment efforts, and failing to provide a strategic evaluation process that benefits stockholders [2][6][19]. - Sonim's board has implemented anti-takeover measures, including a poison pill strategy and dilutive stock offerings, which have negatively impacted stockholder value [6][7][19]. Proposed Changes - AJP and Orbic are nominating five independent candidates for the board, emphasizing the need for new leadership with industry expertise to conduct a strategic assessment of Sonim [3][11]. - The nominees are expected to advocate for a strategic review process and engage with Orbic regarding acquisition proposals, which could potentially unlock stockholder value [11][12]. Acquisition Proposals - Orbic has made a cash offer of $25 million to acquire substantially all of Sonim's assets, representing a 66.7% premium over another proposed transaction with Social Mobile [10][12]. - The proposed transaction with Social Mobile is viewed as unlikely to provide meaningful returns to stockholders, with estimates suggesting a per-share value of approximately $1.46, which could decrease further when accounting for transaction costs and existing debt [10][20]. Stockholder Engagement - AJP and Orbic are calling on stockholders to vote for their nominees to ensure a transformation in leadership that prioritizes stockholder interests and addresses the company's financial challenges [8][21][22].

Group 1 - Orbic North America, LLC has made a non-binding proposal to acquire substantially all of Sonim Technologies, Inc.'s assets for a cash purchase price of $25 million, equating to a price per share of $2.418 [1][2] - The acquisition proposal is supported by a $50 million financing commitment from a third-party lender, indicating Orbic's readiness to proceed with confirmatory due diligence and negotiate a definitive asset purchase agreement [2] - Orbic, along with AJP Holding Company, LLC, beneficially owns approximately 19% of Sonim's outstanding common stock, which may influence the acquisition process [2] Group 2 - The acquisition offer does not prevent Sonim from pursuing a parallel Reverse Take-Over transaction, as mentioned in Sonim's press release dated June 25, 2025 [2] - Orbic is positioned as a leader in mobile technology innovation, providing a range of connected solutions including smartphones, tablets, and mobile hotspots, aimed at delivering high-quality technology to a broader audience [4]

MWC 2025: What Did We Learn? 时间：6月20日（周五）13:30–14:30 地点：MWC AI Stage 主讲人：Counterpoint副总裁Neil Shah Neil Shah将受邀出席由GSMA主办的官方闭幕论坛，与多位行业顶尖分析师同台分享。 本次会议将深度剖析最值得关注的重大趋势与核心洞察，内容涵盖人工智能突破性进展、5G技术发展、网 络融合及数字化转型战略等前沿领域。 如果您是行业从业者或希望深入了解移动生态的合作伙伴，欢迎 联系我们 预约与分析师的现场会 面。 2025年上海MWC即将启幕 今年Counterpoint多位资深分析师将出席现场，聚焦移动终端、AI、6G、卫星通信、AIoT等行业核心话 题。 了解我们的研究和服务如何为您的业务提供支持，获取Counterpoint 分析师团队独到的趋势解读 与市场预判。 期待与您在上海 MWC 相遇，共话移动科技未来！关注 Counterpoint Research，持续获取全球科技市 场深度洞察。 点击阅读原文查阅更多相关资讯 业务咨询 Arron Zhu / 销售经理 电话: +86 18565629175 邮 ...

2025年上海MWC即将启幕 今年Counterpoint多位资深分析师将出席现场，聚焦移动终端、AI、6G、卫星通信、AIoT等行业核 心话题。 业务咨询 Rick Cui / 客户服务总监 电话: +86 13801127537 邮箱:rick@counterpointresearch.com 探讨2025 MWC核心焦点：AI赋能终端变革、6G愿景与关键技术预研、卫星通信规模化落地、 AIoT新场景等， 深度交流中国厂商在全球市场的布局与挑战， 了解我们的研究和服务如何为您的业务提供支持，获取Counterpoint 分析师团队独到的趋势解读 与市场预判。 期待与您在上海 MWC 相遇，共话移动科技未来！关注 Counterpoint Research，持续获取全球科技市 场深度洞察。 点击阅读原文查阅更多相关报告 如果您是行业从业者或希望深入了解移动生态的合作伙伴，欢迎 联系我们 预约与分析师的现场会 面。 洞察行业变革趋势， 媒体采访 Nianhang Wei / 市场经理 电话: +86 18684912207 邮箱:nianhang@counterpointresearch.com ...