Company: SONM
Filing Date: 2025-08-14
Form Type: 8-K
Source: 0001641172-25-024038
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Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-08-14
Form: 8-K
Item: Item 3.01
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Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On
August 13, 2025, Sonim Technologies, Inc. (the “ Company”) received a letter (the “ Notice”) from the listing qualifications
staff (the “ Staff”) of The Nasdaq Stock Market LLC (“ Nasdaq”) notifying the Company that it is not in compliance
with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “ Bid Price Rule”) for continued listing.
The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A)
(the “ Compliance Period Rule”) provides that a failure to meet the minimum bid price requirement exists if the deficiency
continues for a period of 30 consecutive business days. The Notice has no immediate effect on the listing of the Company’s common
stock, par value $0.001 per share (the “ Common Stock”), which continues to trade on The Nasdaq Capital Market under the symbol
“ SONM.”

In
accordance with the Compliance Period Rule, the Company has 180 calendar days to regain compliance. If, at any time before the end of
this 180-day period, or through February 9, 2026, the closing bid price of the Common Stock closes at or above $1.00 per share for a
minimum of 10 consecutive business days, subject to the Staff’s discretion to extend this period pursuant to Nasdaq Listing Rule
5810(c)(3)(H), the Staff will provide written notification that the Company has achieved compliance with the Bid Price Rule. If the Company
does not regain compliance during this 180-day period, then the Staff may grant the Company a second 180 calendar day period to regain
compliance, provided the Company meets the continued listing requirement for market value of publicly held shares and all other initial
listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement. In addition, the Company would be required
to notify Nasdaq of its intent to cure the minimum bid price deficiency during the second compliance period, which may include, if necessary,
implementing a reverse stock split.

The
Company will continue to monitor the closing bid price of its Common Stock and seek to regain compliance with all applicable Nasdaq requirements
within the allotted compliance periods. The Company is evaluating options for reg