Company: SONM
Filing Date: 2025-06-24
Form Type: DEFN14A
Source: 0001213900-25-057305
Chunk: 13

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-24
Form: DEFN14A
Chunk 13
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 an email to Sonim’s Board of Directors and its legal counsel, Venable LLP introducing himself formally and that each party’s respective attorneys review a proposed confidentiality and non -disclosureagreement prior to Orbic sharing further information regarding its proposal. •On February4, 2025, Equiniti Trust Company, LLC, Sonim’s transfer agent, advised counsel to Orbic that Sonim had placed a stop transfer order with respect to the transfer of the shares of Common Stock held by AJP. •On February14, 2025, Roth Capital, Sonim’s financial advisor, contacted Mr.Narula and Mr.Douglas Benedict, Executive Vice President of Corporate Development of Orbic, informing Orbic that it was “managing a strategic alternatives process” on behalf of Sonim and was establishing a data room with relevant information that would be made available to interested parties who executed an acceptable non -disclosureagreement and inquired whether Orbic was interested in having a telephonic conversation to further discuss. Mr.Benedict and representatives of Roth Capital held a conference call during which Roth Capital repeated its role in the transaction advising Sonim and reiterated that, in order to access the data room and continue any discussions with Sonim, Orbic would be required to execute a non -disclosureagreement, which included, among other things, a two -yearstandstill agreement. Mr.Benedict informed representatives of Roth Capital that, given Orbic’s publicly announced transaction with AJP and previous contact with members of the Board of Directors of Sonim, it would await further information regarding the data room and proposed confidentiality and non -disclosureagreement. •On February25, 2025, Sonim issued a press release providing an update on the Special Committee’s strategic review process, noting that it continued to receive and evaluate inbound potential strategic alternatives in order to maximize stockholder value. In addition, Sonim stated that it had not decided on any specific path or transaction. Sonim affirmed that as of such date there had been no management discussions between Sonim and Orbic. •On March5, 2025, Mr.Benedict received follow -upemail correspondence from a representative of Roth Capital inquiring about Orbic’s interest in Sonim and which included a draft confidentiality and non -disclosureagreement with the two -yearstandstill provision. This email correspondence stated that the non -disclosureagreement would need to be executed before further additional details would be shared. Given Orbic’s agreements with A