Company: SONM
Filing Date: 2025-09-09
Form Type: PRE 14A
Source: 0001493152-25-012903
Chunk: 24

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-09
Form: PRE 14A
Chunk 24
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 “straddle,” “hedging transaction,” “conversion transaction,” or other integrated transaction, U.S. expatriates, persons subject to the alternative minimum tax, persons whose shares constitute “qualified small business stock” for purposes of Code Section 1202, persons who acquired our common stock in connection with employment or the performance of services, or persons who hold their Company common stock through individual retirement or other tax-deferred accounts. This discussion also does not address the tax consequences to us, or to the stockholders that own 5% or more of our common stock, are our affiliates, or are not U.S. holders. In addition, this discussion does not address other U.S. Federal taxes (such as gift or estate taxes or alternative minimum taxes), the tax consequences of the Reverse Stock Split under state, local, or foreign tax laws or certain tax reporting requirements that may be applicable with respect to the Reverse Stock Split. No assurance can be given that the IRS would not assert, or that a court would not sustain, a position contrary to any of the tax consequences set forth below.

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If a partnership (or other entity or arrangement treated as a partnership for U.S. Federal income tax purposes) is a Company stockholder, the tax treatment of a partner will generally depend upon the status of the person and the activities of the partnership or other entity or arrangement treated as a partnership for U.S. Federal income tax purposes.

Tax Consequences of the Reverse Stock Split to U.S. Holders

The Reverse
Stock Split is intended to constitute a “recapitalization” for U.S. Federal income tax purposes. As such, except as described
below with respect to cash received in lieu of a fractional share, a U.S. holder should not recognize gain or loss as a result of
the Reverse Stock Split. A U.S. holder’s aggregate tax basis in the shares of the common stock received pursuant to the
Reverse Stock Split should equal the U.S. holder’s aggregate tax basis in the shares of the common stock surrendered
(excluding any portion of such basis that is allocated to any fractional share of our common stock), and such U.S. holder’s
holding period in the shares of the common stock received should include the holding period of the shares of the common stock
surrendered. Treasury Regulations provide detailed rules for allocating the tax basis and holding period
of shares of common stock surrendered pursuant to the Reverse Stock Split to shares of common stock received pursuant to the Reverse
Stock Split.