Company: SONM
Filing Date: 2025-06-26
Form Type: DFAN14A
Source: 0001213900-25-058364
Chunk: 4

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-26
Form: DFAN14A
Chunk 4
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 In view of, in our opinion, Sonim’s extraordinarily poor financial and operating performance, its                                           
 continuing and substantial decline in stock price over the last five years, and its continuing pursuit of sale transactions that we believe 
 will not bring a meaningful cash return to stockholders at their closing, we strongly believe that an immediate and total change in Sonim’s 
 leadership and strategic focus is critical not only for Sonim, but also for you—Sonim’s stockholders—to maximize return                     
 on our investment.                                                                                                                          |

<div align='center'>A Demonstrated Track Record of Dismal Management</div>

| Ø | Staggeringly Abysmal Financial Performance: In 2024, Sonim                                                                      
 reported a staggering net loss of $(33,648,000) or $(7.13) per share last year on revenues of $58,298,000. It is                
 difficult for us to imagine how Sonim’s management could have executed its business plan so poorly, particularly in the wake of 
 a long string of huge annual losses. Sonim has admitted its dire situation, stating: “We have not been profitable               
 in recent years and may not achieve or maintain profitability in the future.”                                                   |

<div align='center'>3</div>

Since last year’s Annual Meeting on June 20, 2024,
Sonim’s stock price has declined from $7.60 to $1.27 on June 20, 2025 … an 83% decline in value in one year!

| Ø | Dilution of Stockholder Value: Sonim has diluted stockholders                                                                               
 through a pattern of private and at the market stock offerings without stockholder approval, repeatedly at very low prices, and with little 
 to no communication to stockholders. In addition, the offering proposed on Sonim’s Form S-1 would be significantly dilutive on top          
 of the substantial dilution caused by the ATM offering and private placement. We view the private and at the market placements as a blatant 
 effort by Sonim to “buy the vote” in complete disregard of proper corporate governance. Moreover, Sonim warns investors                     
 that it may continue its dilutive actions, stating “to the extent we need to raise additional capital in the future                         
 and we issue shares of common stock or securities convertible or exchangeable for our common stock, our then-existing stockholders may      
 experience dilution . . . .”                                                                                                                |

<div align='center'>Repeated Entrenchment Efforts</div>

| Ø | Blocked Stock