Company: SONM
Filing Date: 2025-07-01
Form Type: 424B4
Source: 0001641172-25-017383
Chunk: 42

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-07-01
Form: 424B4
Chunk 42
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 Nasdaq listing standards with regard to the minimum bid price of our common stock. |

Resales of our common stock may cause the market price of our securities to drop significantly.

As of the filing date of this prospectus:

| ● | shares                                                                                                                                  
 registered by the AJP Registration Statement represent approximately 20% of the outstanding shares of our common stock and              
 approximately 27% of our public float;                                                                                                  |
| ● | shares                                                                                                                                  
 registered by the Liu Registration Statement (assuming the exercise of the entirety of the Warrants) represent approximately 7%         
 of the outstanding shares of our common stock and approximately 9% of our public float; and                                             |
| ● | shares                                                                                                                                  
 to be registered by the Liu Registration Statement (assuming the exercise of the entirety of the PIPE warrants) represent approximately 
 15% of the outstanding shares of our common stock and approximately 20% of our public float.                                            |

Until such time that these registration statements are no longer effective, they will permit the resale of the registered shares. As such, sales of a substantial number of shares of our common stock in the public market could occur at any time.

Our quarterly results may vary significantly from period to period, which could make our future results difficult to predict and could cause our operating results to fall below investor, analyst, or our expectations.

Our quarterly results and, in particular, our revenue, gross margins, operating expenses, operating margins and net income (loss), have historically varied significantly from period to period and may continue to do so in the future. As a result, comparing our operating results on a period-to-period basis may not be meaningful. Our budgeted expense levels are based, in large part, on our expectations of future revenue and the development efforts associated with that future revenue. Due to our smaller scale compared to many of our customers, we are particularly vulnerable to the impacts of changes in these customers’ order forecasts. Consequently, if our revenue does not meet projected levels in the short term, our inventory levels, cost of revenues and operating expenses would be high relative to revenue, resulting in potential operating losses. If our revenue or operating results do not meet the expectations of investors, the price of our common stock may decline substantially.

Factors that may contribute to fluctuations in our quarterly results, many of which are outside our control and may be difficult to predict, include:

| ● | fluctuations                                                                                                                         
 in demand, sales cycles and prices for products and services, including discounts given in response to competitive pricing pressures 
 or to secure long-term