Company: SONM
Filing Date: 2025-07-08
Form Type: DFAN14A
Source: 0001213900-25-062105
Chunk: 1

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-07-08
Form: DFAN14A
Chunk 1
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 any dialogue with Orbic. Orbic’s offer is clearly superior and despite its repeated outreach to Sonim,
Sonim would not engage in any discussion regarding a potential transaction, citing that it was prevented from doing so due to exclusivity
granted to Social Mobile®.

Orbic’s revised offer represents a 66.7% premium of the amount payable
by Social Mobile at an initial closing of that transaction (and a 25% premium if the earnout feature of the proposed Social Mobile transaction
is achieved). Orbic is prepared to move forward expeditiously with the negotiation of an asset purchase of substantially all of
Sonim’s assets. Orbic’s non-binding offer is backed by a $50 million financing commitment from a third-party lender.
Sonim’s Special Committee continues to claim that it is committed to maximizing stockholder value, however they have failed to provide
stockholders with the details of how they will achieve the value.

Furthermore, although Sonim’s board of directors signed a letter
of intent with Social Mobile® over a month ago, there has yet to be an agreement signed. Sonim has still not provided any specific
details on how the proposed non-binding letter of intent for an asset sale to Social Mobile® or non-binding letter of intent for a
proposed sale of Sonim’s public company shell (the “Reverse Take-Over”) will translate into stockholder value. Sonim’s
recent announcements continue to fail to provide sufficiently quantifiable metrics, verifiable data and financial analysis demonstrating
how the proposed transactions will deliver tangible benefits.

Finally, following the announcement of Orbic’s revised offer, Sonim’s
board of directors undertook another dilutive stock offering, which has further devastated stockholder value. Sonim offered an additional
7.4 million shares at $0.75 a share, a steep discount to the market price on July 1, 2025, resulting in its stock price plunging by approximately
38%.

We plan on filing another shareholder letter in the next 24 hours further
emphasizing the above points and so I hope you can take this into consideration when making the decision on your recommendation. If you
have any follow-up questions, then please don’t hesitate to let me know.

Important Information and Where to Find It

The AJP/Orbic Parties have
filed with the SEC a definitive proxy statement on Schedule 14A, containing a form of BLUE proxy card, with respect to
its solicitation of proxies for the 2025