Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 16

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 16
---
 in addition to, the interests of our stockholders
generally.

| 6 |

These interests include potential payments to
our named executive officers pursuant to the terms of agreements we have previously entered into with those officers. Additional information
concerning these potential payments is provided under “Proposal 1: Asset Sale Proposal — Interests of our Directors and Executive Officers in the Asset Sale — Golden Parachute Compensation” on page 68. For more information
on the severance and change in control agreements that we have entered into with our named executive officers, see “Proposal 1: Asset Sale Proposal — Interests of our Directors and Executive Officers in the Asset Sale — The Severance and Change in Control Agreements” on page 67.

Use of Proceeds and Future Operations (see page 65)

The Company, and not its stockholders, will receive
the proceeds from the Asset Sale. If the Asset Sale closes, the Company will exit the operation of its Legacy Business and other historical
operations. However, the Company does not intend to liquidate following the closing of the Asset Sale and currently intends to pursue
a strategic transaction, the terms and timing of which are not presently known. However, there can be no assurance that any
such transaction will be pursued, agreed upon, or ultimately consummated.

The Company’s post-closing board of directors
will conduct an extensive review of available opportunities for the Company’s use of the Post-Closing Cash. Those alternatives
are currently expected to include using the Post-Closing Cash to fund its general corporate purposes and to pursue a strategic transaction,
the terms and timing of which are not presently known. However, there can be no guarantee that our board’s determination in
connection with the use of the Post-Closing Cash will align with the currently disclosed expectations. Our board will conduct a careful
process, and there is no set timeframe for completing the exploration of alternatives.

No Solicitation (see page 78)

We have agreed that we will not, and will cause
our subsidiaries and will cause our and their respective representatives not to, directly or indirectly:

| ● | solicit, initiate, knowingly                                                                 
 encourage, or knowingly induce, encourage, facilitate or assist, entertain any inquiries     
 or proposals from, discuss or negotiate with, provide any non-public information to, any     
 other person (other than Buyer or its representatives) regarding any Alternative Transaction 
 (as defined below) or any proposal or offer that would reasonably be expected to constitute  
 or lead to an Alternative Transaction;