Company: SONM
Filing Date: 2025-06-26
Form Type: DFAN14A
Source: 0001213900-25-058364
Chunk: 6

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-26
Form: DFAN14A
Chunk 6
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 on Orbic, without any dialogue or engagement. We believe our current offer merits serious consideration by Sonim’s      
 special committee.                                                                                                                             |

| Ø | Proposed Social Mobile® Transaction Is Unlikely to Provide Meaningful Returns to                                                                 
 Stockholders: Sonim’s proposed transaction with Social Mobile®, in our view, would likely yield a disastrous                                     
 result for stockholders, if it goes beyond the non-binding letter of intent stage and is completed, providing little to no stockholder           
 value. By our estimates, the proposed transaction price on a per share basis, excluding the potential earn-out would be approximately            
 $1.46 per share and would be approximately $1.94 per share if the full earn-out is realized. These estimates assume the full purchase            
 price is allocated to stockholders and does not account for any additional factors such as transaction costs (including legal fees, investment   
 banking fees, and proxy solicitation fees), potential double taxation at the corporation level on the sale of assets and then at the stockholder 
 level with respect to any distributions to stockholders, and the payoff of current Sonim indebtedness, which is estimated to currently           
 be in the range of approximately $3.5 – $4.0 million as of the end of the first quarter of 2025. When the payoff of Sonim’s                      
 existing debt, transaction costs and taxes are taken into account, Orbic expects that the total amount available for distribution to Sonim       
 stockholders will materially decrease the amount potentially available for distribution and will result in a materially worse outcome            
 for stockholders. As of June 25, 2025, Sonim has failed to enter into a definitive agreement with Social Mobile® and has                         
 provided stockholders with little to no specifics as to what they would receive in the transaction and has provided no assurance of              
 paying a dividend or making stock buybacks with transaction proceeds. This lack of clarity creates significant uncertainty regarding             
 the true value stockholders would receive from this transaction. We believe that the special committee’s inherent vagueness leaves               
 stockholders exposed to unnecessary risk without a clear path to value realization.                                                              |

<div align='center'>5</div>

ENOUGH ALREADY!

We’re confident that the Sonim stockholder
base—exclusive of the entrenched board and management team—have lost confidence in Sonim’s board of directors and management
team. AJP and Orbic strongly contend that it is time for an immediate and dramatic change. Sonim stockholders deserve strong, capable
and open-minded