Company: SONM
Filing Date: 2025-09-09
Form Type: PRE 14A
Source: 0001493152-25-012903
Chunk: 26

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-09
Form: PRE 14A
Chunk 26
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 declared advisable, and recommended that our stockholders approve, an amendment to our Certificate of Incorporation, as amended, in substantially the form attached hereto as Annex B (the “Authorized Shares Amendment”), to increase the number of authorized shares of our common stock from 100,000,000 to 1,000,000,000. The text of the Authorized Shares Amendment is subject to modifications to include such changes as may be required by the office of the Secretary of State of the State of Delaware and as the Board deems necessary and advisable to effect the Authorized Shares Proposal.

Following stockholder approval
of the Authorized Shares Proposal, the increase in authorized shares of our common stock would become effective upon the filing of the
Authorized Shares Amendment with the Secretary of State of the State of Delaware, or such later effective time as is specified in such
Authorized Shares Amendment as permitted under Delaware law. The exact timing of the amendment will be determined by our Board based
on its evaluation as to when such action will be the most advantageous to us and our stockholders.

Capitalization

Common Stock

As of September [XX], 2025,
the record date, the Company was authorized to issue up to 100,000,000 shares of common stock, par value $0.001 per share, [17,781,919]
of which were issued and outstanding, [702,736] reserved for issuance under our equity compensation plans, and [1,133,625] reserved for
issuance in connection with our outstanding warrants. Accordingly, as of September [XX], 2025, the record date, there were [80,381,720]
shares of our common stock available for all other corporate purposes, such as additional capital-raising activities or potential acquisitions,
prior to the addition of the shares for which we are seeking approval pursuant to this proposal.

Preferred Stock

In addition to our authorized
shares of common stock, we are authorized to issue up to 5,000,000 shares of preferred stock, par value of $0.001 per share, of which
none are issued and outstanding and of which 500,000 shares are designated Series A Junior Participating Preferred Stock. The Authorized
Shares Proposal will not change the total number of authorized shares of our preferred stock.

The following table illustrates
the effect of the Authorized Shares Amendment on the capitalization of the Company. This table does not show the effect of the Reverse
Stock Split (if approved by the stockholders and implemented by our Board).

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