Company: SONM
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001493152-25-021905
Chunk: 35

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 424B3
Chunk 35
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 |     |                        | — |     |         | — |     |                    | 19,444,444 |     |                        | — |     |         | — |

| * | Represents                            
 beneficial ownership of less than 1%. |

| (1) | In                                                                                                                                       
 accordance with Rule 13d-3(d) under the Exchange Act, we have excluded from the number of shares beneficially owned prior to the         
 offering all of the shares that Chardan may be required to purchase upon the terms and subject to the conditions and limitations         
 of the Purchase Agreement, because the issuance of such shares of Common Stock is solely at our discretion and is subject to conditions  
 and limitations contained in the Purchase Agreement, the satisfaction of which are entirely outside of Chardan’s control, including      
 the registration statement that includes this prospectus becoming and remaining effective. Furthermore, the Purchase Agreement prohibits 
 us from issuing and selling any shares of Common Stock to Chardan to the extent such shares of Common Stock, when aggregated with        
 all other shares of our Common Stock then beneficially owned by Chardan, would cause Chardan’s beneficial ownership of our               
 Common Stock to exceed 4.99%. The Purchase Agreement also prohibits us from issuing or selling shares of Common Stock under the Purchase 
 Agreement in excess of an “Exchange Cap” equal to 19.99% of our outstanding Common Stock, unless we obtain stockholder                   
 approval to do so, or unless such approval is not required in accordance with the applicable rules of Nasdaq because the average         
 price of all applicable sales of our common stock to Chardan pursuant to the Purchase Agreement equals or exceeds $11.2986               
 per share, which represents the “Nasdaq Minimum Price” as of the date of the execution of the Purchase Agreement. The                    
 business address of Chardan is One Pennsylvania Plaza, Suite 4800, New York, New York 10119. Chardan is a broker-dealer and a member     
 of the Financial Industry Regulatory Authority, Inc. Mr. Kerry Propper, Mr. Steven Urbach and Mr. Jonas Grossman, are Chardan’s          
 Chairman, Chief Executive Officer and President, respectively, and are each Members and Managers of Chardan Securities LLC, which        
 holds a controlling interest in Chardan. The foregoing should not be construed in and of itself as an admission by any of Mr. Propper,   
 Mr. Urbach or Mr. Grossman as to beneficial ownership of the