ISS Recommends Sonim Technologies Stockholders to Vote "FOR" Company Nominees on the WHITE Proxy CardISS Underscores Orbic's Months of Unreasonable Demands and Incomplete OffersJuly 11, 2025 7:30 AM EDT | Source: Sonim Technologies, Inc.San Diego, California--(Newsfile Corp. - July 11, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today announced that Institutional Shareholder Services (ISS) has recommended that Sonim stockholders vote "FOR" fo ...

Sonim Technologies Special Committee Determines Latest Orbic Proposal to be Inferior to Social Mobile Transaction Amidst Ongoing Strategic ReviewOrbic proposal remains conditional, uncertain, and unlikely to maximize value for Sonim stockholdersJuly 02, 2025 4:17 PM EDT | Source: Sonim Technologies, Inc.San Diego, California--(Newsfile Corp. - July 2, 2025) - Sonim Technologies (NASDAQ: SONM) today announced that its Special Committee of the Board of Directors (the "Special Committee") has con ...

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]

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]

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].