Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 102

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 102
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, all
as currently in effect as of the date of this proxy statement, and all of which are subject to change, possibly with retroactive effect.
Tax consequences under state, local and non-U.S. laws, or federal laws other than those pertaining to income tax, are not addressed in
this proxy statement. No rulings have been requested or received from the Internal Revenue Service as to the tax consequences of the
Asset Sale and there is no intent to seek any such ruling. Accordingly, no assurance can be given that the IRS will not challenge the
tax treatment of the Asset Sale discussed below or, if it does challenge the tax treatment, that it will not be successful. The Asset
Sale is entirely a corporate transaction and, for U.S. federal income tax purposes, no stockholder will be treated as realizing any gain
or loss from the Asset Sale.

The Asset Sale will be treated for U.S. federal
income tax purposes as a taxable transaction upon which we will recognize gain or loss. The amount of gain or loss we recognize with
respect to the sale of a particular asset, including equity interests in our subsidiaries that are transferred to the Buyer pursuant
to the Asset Sale, will be measured by the difference between the amount realized by us on the sale of that asset and our tax basis in
that asset. The amount realized by us on the Asset Sale will include the amount of cash received, the fair market value of any other
property received, and total liabilities (as determined for U.S. federal income tax purposes) assumed or taken by the Buyer. For purposes
of determining the amount realized by us with respect to specific assets, the total amount realized by us will generally be allocated
among the assets according to the rules set forth in Section 1060(a) of the Code. Our basis in our assets is generally equal to their
cost, as adjusted for certain items, such as depreciation. The determination of whether we will recognize gain or loss will be made with
respect to each of the assets to be sold.

Accordingly, we may recognize gain on the sale
of certain assets and loss on the sale of certain others, depending on the amount of consideration allocated to an asset as compared
with the basis of that asset. With certain exceptions, losses can generally be netted against gains.

To the extent the Asset Sale results in us
recognizing a net gain for U.S. federal income tax purposes, it is anticipated that our available net operating loss carryforwards,
or NOLs, will