Company: SONM
Filing Date: 2025-04-30
Form Type: PRRN14A
Source: 0001213900-25-037151
Chunk: 20

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: PRRN14A
Chunk 20
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 ago, in January 2025, the Special Committee has been painfully slow to act, despite unprecedented market volatility and in the face of staggering financial losses, including a 2024 annual net loss of ($33.6 million) or ($7.13) per share. While Sonim and the AJP/Orbic Parties have engaged in some preliminary discussions regarding the Proposal, the actions of the Special Committee to date have demonstrated that the Board of Directors is more interested in entrenching themselves and current management than maximizing stockholder value. In particular, Sonim’s purported denial of the AJP/Orbic Parties nominations highlights the current Board of Director’s determination to remain in office and an attempt to disenfranchise stockholders from the opportunity to make a meaningful choice regarding the go -forwardleadership of the Company. In addition, the Board of Directors’ approval of a more than doubling of change of control severance payments to current Chief Executive Officer, Hao (Peter) Liu, demonstrates the Board of Directors and Special Committee are not interested in fulfilling their fiduciary duties to stockholders. Stockholders of Sonim deserve to have directors who are willing to act in the best interests of all stockholders and in a manner that will allow Sonim to truly evaluate its strategic alternatives. The AJP/Orbic Parties do not believe that it should take the launch of a proxy contest to replace the Board of Directors to motivate Sonim to do the right thing, and the AJP/Orbic Parties are committed to given stockholders a voice regarding the leadership of the Company. The AJP/Orbic Parties believe that the continued pursuit of the proxy solicitation referred to in this Proxy Statement is necessary to continue to hold the Board accountable, especially in light of the current Board of Director’s efforts to entrench themselves. Sonim stockholders deserve strong, capable and open -mindedindependent directors, such as the AJP/Orbic Nominees, that have the experience and desire to explore every opportunity to unlock stockholder value and to return Sonim to profitability. 6 QUESTIONS AND ANSWERS RELATING TO THIS PROXY SOLICITATION The following are some of the questions you may have as a stockholder, as well as the answers to those questions. The following is not a substitute for the information contained in this Proxy Statement, and the information contained below is qualified in its entirety by the more detailed descriptions and explanations contained elsewhere in this Proxy Statement. The Participants urge you to read this Proxy Statement carefully and in its entirety