Company: SONM
Filing Date: 2025-06-20
Form Type: S-1
Source: 0001641172-25-015940
Chunk: 44

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-20
Form: S-1
Chunk 44
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 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 may cause the market price of our securities to drop significantly. The sale of shares of our common stock in the public market or otherwise, or the perception that such sales could occur, could reduce the prevailing market price of shares of our common stock and increase the volatility of our share price.

Such sales could occur pursuant to two effective Form S-3 Registration Statements and prospectuses, dated, respectively, December 1, 2023, (the “AJP Registration Statement”) and September 16, 2024 (the “Liu Registration Statement”), as well as pursuant to a Form S-3 Registration Statement we are obligated to file with the SEC on or before July 12, 2025 (the “2025 PIPE Registration Statement”).

These sales, or the possibility that these sales may occur, also might make it more difficult for us:

| ● | to                                                                                                 
 sell equity securities in the future at a time and at a price that we deem appropriate; and        |
| ● | to                                                                                                 
 comply with the Nasdaq listing standards with regard to the minimum bid price of our common stock. |

Resales of our common stock may cause the market price of our securities to drop significantly.

As of the filing date of this prospectus:

| ● | shares                                                                                                                                  
 registered by the AJP Registration Statement represent approximately 20% of the outstanding shares of our common stock and              
 approximately 27% of our public float;                                                                                                  |
| ● | shares                                                                                                                                  
 registered by the Liu Registration Statement (assuming the exercise of the entirety of the Warrants) represent approximately 7%         
 of the outstanding shares of our common stock and approximately 9% of