Company: SONM
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001641172-25-005421
Chunk: 47

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-18
Form: DRS
Chunk 47
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. The selection and execution of a strategic alternative may lead to similar disruptions, and parties advocating for alternatives not selected may solicit support for such other alternatives, causing further disruption.

The occurrence of any one or more of the above risks could have a material adverse impact on our business, financial condition, results of operations and cash flows.

We are required to meet the Nasdaq continued listing requirements and other Nasdaq rules, or we may risk delisting. Delisting could negatively affect the price of our common stock, which could make it more difficult for us to sell securities in a future financing or for you to sell our common stock.

We are required to meet the continued listing requirements of the Nasdaq and other Nasdaq rules, including those regarding director independence and independent committee requirements, minimum stockholders’ equity, minimum share price and certain other corporate governance requirements. In particular, we are required to maintain a minimum bid price for our listed common stock of $1.00 per share, which we previously failed to meet resulting in two reverse stock splits in a five-year period in order to regain compliance. If we do not meet these continued listing requirements, our common stock could be delisted.

If Nasdaq delists our common stock from trading on its exchange and we are not able to list our common stock on another national securities exchange, we expect our common stock could be quoted on an over-the-counter market. If this were to occur, we could face significant material adverse consequences, including:

| ● | a                                                                                                                                      
 limited availability of market quotations for our common stock;                                                                        |
| ● | reduced                                                                                                                                
 liquidity for our common stock;                                                                                                        |
| ● | a                                                                                                                                      
 determination that our common stock is a “penny stock” which will require brokers trading in our common stock to adhere                
 to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for our securities; |
| ● | negative                                                                                                                               
 publicity;                                                                                                                             |
| ● | a                                                                                                                                      
 limited amount of news and analyst coverage;                                                                                           |
| ● | loss                                                                                                                                   
 of eligibility to register the sale or resale of our securities on Form S-3; and                                                       |
| ● | a                                                                                                                                      
 decreased ability to issue additional securities or obtain additional financing in the future.                                         |

| 27 |

Sales of our common stock under resale registration statements or the perception of such sales in the public market or otherwise could cause the market price for our common stock to decline, even if our business is doing well.

Resales of our common stock