Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 45

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 45
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ating distributions (if any)), dividends,
redemptions, repurchases, or other returns of capital (provided, that no such distributions are currently anticipated).
Tax considerations applicable to particular stockholders may vary with and be contingent upon the stockholder’s individual circumstances.

Our ability to adjourn the Special Meeting is limited, which could prevent us from obtaining the required stockholder approval of the Asset Sale Proposal.

Under the terms of the Asset Purchase Agreement,
our ability to postpone or adjourn the Special Meeting without consent of the Buyer is extremely limited. As a result, if the requisite
vote of our stockholders is not obtained at the Special Meeting or any permitted adjournment, we may be unable to secure approval of
the Asset Sale Proposal, notwithstanding the time, effort, and expense incurred in connection with preparing for and holding the Special
Meeting.

Risks Related to Our Future Operations

We may be treated as a shell company following the consummation of the Asset Purchase Agreement, which may negatively impact our financial condition and results of operations.

In the past, we had publicly announced our intent
to pursue two contemporaneous strategic tracks: to enter into and consummate the Asset Purchase Agreement, and to identify a reverse
takeover (RTO) target and to consummate an RTO.

| 26 |

While we have abandoned the RTO strategy, the
disposition of the Legacy Business may render the Company a “shell company” by the SEC or Nasdaq. If the Company is deemed
a shell company, we would be subject to significant regulatory and market disadvantages, including:

| ● | ineligibility to use                                                           
 Form S-3 until 12 full calendar months after filing “Form 10 information” with 
 the SEC;                                                                       |

| ● | holders of our common                                                                     
 stock will not be able to sell their restricted shares due to Rule 144(i), until one year 
 after the Form 10 information is filed with the SEC;                                      |

| ● | the Company will become                                                                       
 an “ineligible issuer” for three years following the closing, which will prevent              
 the Company from (i) incorporating by reference in its Form S-1 filings, (ii) using a free    
 writing prospectus, or (iii) taking advantage of well-known seasoned issuer status regardless 
 of its public float;                                                                          |

| ● | potential delisting 
 from Nasdaq; and    |

| ● | market perception risks,                                                                    
 including a potential depressive effect on the trading price of our common stock due