Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 86

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 86
---
2;                                         |

| ● | the fact that the announcement                                                              
 and pendency of the Asset Sale, or the failure to complete the Asset Sale, may result in    
 significant costs to us and cause substantial harm to our relationships with our employees, 
 agents, customers and other business partners;                                              |

| ● | the fact that the Company does not intend to liquidate                               
 following the closing of the Asset Sale, and the Cash Consideration is not currently 
 contemplated to be distributed to the Company’s stockholders;                        |

| ● | the right afforded to the Buyer under the Asset Purchase Agreement                
 to seek to match Alternative Transactions that the board determines in good faith 
 are Superior Proposals;                                                           |

| ● | the                                                                                          
 requirement that we pay the Buyer a termination fee of $1 million as well as the transaction 
 expenses reasonably incurred by the Buyer and its affiliates if the Asset Purchase Agreement 
 is terminated under certain circumstances, including in connection with the Company’s        
 entry into an Alternative Transaction determined to be a Superior Proposal;                  |

| ● | the risk of disruption                                                           
 to our Legacy Business as a result of the public announcement of the Asset Sale; |

| 56 |

| ● | the fact that, given                                                                        
 the Asset Sale structure, the Company’s stockholders lack the right to demand appraisal     
 of their shares and receive payment of the “fair value” of such shares pursuant             
 to Section 262 of the DGCL if they comply in all respects with Section 262 of the DGCL; and |

| ● | the other factors described                                     
 in “Risk Factors” in this proxy statement beginning on page 24. |

During its consideration of the transaction with
the Buyer, our board was also aware of and considered that the Company’s directors and executive officers may have interests in
the Asset Sale that differ from, or are in addition to, their interests as stockholders of the Company generally, as described in the
section titled “— Interests of our Directors and Executive Officers in the Asset Sale” beginning on page
65.

After taking into account all of the factors set
forth above, as well as others, our board determined that the potentially positive factors outweighed the potentially negative factors.
The foregoing discussion of the factors considered by our board is not intended to be exhaustive, but summarizes the material information
and factors considered by our board in its consideration of the Asset Sale. Our board reached the decision to approve the Asset Purchase
Agreement, the Asset Sale, and the other transactions contemplated by the