Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 293

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 293
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 financial statements and other business and financial information 
 of the Company;                                                                              |

| ● | performed                                                                                   
 due diligence of the business, operations, financial condition and prospects of the Company 
 and reviewed the financial terms and the form of consideration offered;                     |

| ● | reviewed                                                                                    
 certain internal financial statements and other financial and operating data concerning the 
 Company prepared by the management of the Company;                                          |

| ● | reviewed certain financial projections concerning the Company prepared 
 by the management of the Company (the “Financial                       
 Projections”);                                                         |

| ● | reviewed                                                                                   
 the financial terms, to the extent publicly available, of certain acquisition transactions 
 we deemed comparable with the Asset Sale and compared such financial terms with those of   
 the Asset Sale;                                                                            |

| ● | participated                                                                                 
 in certain discussions with representatives of the Special Committee and its legal advisors; |

| ● | reviewed                          
 the Asset Purchase Agreement; and |

| ● | performed                                                                                 
 such other analyses, reviewed such other information and considered such other factors as 
 we have deemed appropriate.                                                               |

We have assumed and relied upon,
without independent verification, the accuracy and completeness of the information that was publicly available or supplied or otherwise
made available to us by the Company, which formed a substantial basis for this opinion, and have further relied upon the assurances of
the management of the Company that such information does not contain an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements contained therein not misleading in any material respect. With
respect to the Financial Projections, we have been advised by the management of the Company, and assumed, that they have been reasonably
prepared on bases reflecting the best currently available estimates and judgments of the management of the Company of the future financial
performance of the Company and we express no view as to the assumptions on which they are based. In addition, we have assumed that the
final executed Asset Purchase Agreement will not differ in any material respect from the draft Asset Purchase Agreement reviewed by us,
and that the Asset Sale will be consummated in accordance with the terms set forth in the Asset Purchase Agreement without any waiver,
amendment or delay of any terms or conditions. We have also assumed that in connection with the receipt of all the necessary governmental,
regulatory or other approvals and consents required for the proposed Asset Sale, no delays, limitations, conditions or restrictions will
be imposed that would have an adverse effect on the Company or the contemplated benefits expected to be derived in the