Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 9

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 9
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, first responders, government, industrial, construction, hospitality, and logistics. We currently have products available
at all three U.S. Tier-one carriers – AT&T, T-Mobile and Verizon as well as the three primary carriers in Canada – Bell,
Telus and Rogers, and Telstra in Australia. These carriers then resell our products, along with network services, to end customers focusing
on two primary end markets: industrial enterprise and public sector. We also sell our products through distributors and resellers in
various markets, including Europe and South Africa.

Principal Market and Ticker

Our common stock, par value $0.001 per share,
is listed on the Nasdaq Capital Market (“Nasdaq”) under the symbol “SONM.”

Buyer

Pace Car Acquisition LLC is a Delaware limited
liability company and a wholly-owned subsidiary of the Parent.

Parent

Founded in 2011, Social Mobile maintains offices,
warehouses, and facilities around the world, in addition to its head office in Hollywood, Florida. The Parent is an IoT design firm that
specializes in developing custom devices for the world’s biggest companies in all industries, including healthcare, transportation,
retail, and defense.

Buyer and Parent are affiliates of MW International
Ventures LLC, formerly doing business as Social Mobile and as of October 16, 2025, now doing business as NEXA.

The Asset Purchase Agreement (see page 70, Annex A, and Annex B )

We have entered into the Asset Purchase Agreement
with the Buyer, Seller Representative, and the Parent that provides, among other things, that we will sell substantially all assets
of the Company and its subsidiaries related to the Legacy Business, subject to the satisfaction or waiver of the conditions set forth
therein, including the approval of the Asset Purchase Agreement, the Asset Sale and the other transactions contemplated by the Asset
Purchase Agreement by the holders of a majority of the outstanding shares of our common stock entitled to vote thereon at the Special
Meeting.

A copy of the Asset Purchase Agreement is attached
as Annex A and Annex B to this proxy statement. You are encouraged to read the Asset Purchase Agreement
carefully and in its entirety.

Consideration for the Asset Sale (see page 34)

As consideration for the Asset Sale, the Buyer
will pay to the Company:

| ● | $15 million in cash, subject to  customary                              
 working capital, indebtedness, and transaction expense adjustments, and |

| 2 |

| ● | up