Company: SONM
Filing Date: 2025-09-19
Form Type: DEF 14A
Source: 0001493152-25-014244
Chunk: 21

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-19
Form: DEF 14A
Chunk 21
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 connection with the Reverse Stock Split.

No scrip or fractional
shares would be issued if, as a result of the Reverse Stock Split, a stockholder would otherwise become entitled to a fractional share
because the number of shares of common stock they hold before the Reverse Stock Split is not evenly divisible by the split ratio ultimately
determined by the board. Instead, each stockholder will be entitled to receive a cash payment in lieu of such fractional share equal
to the fraction of which such stockholder would otherwise be entitled multiplied by the closing price per share of common stock on the
date of the effective time as reported by Nasdaq (as adjusted to give effect to the Reverse Stock Split). No transaction costs would
be assessed to stockholders for the cash payment. Stockholders would not be entitled to receive interest for their fractional shares
for the period of time between the effective time and the date payment is received.

After the Reverse
Stock Split, then-current stockholders would have no further interest in the Company with respect to their fractional shares. A person
entitled to a fractional share would not have any voting, dividend or other rights in respect of their fractional share except to receive
the cash payment as described above. Such cash payments would reduce the number of post-Reverse Stock Split stockholders to the extent
that there are stockholders holding fewer than that number of pre-Reverse Stock Split shares within the ratio of the Reverse Stock Split
that is determined as described above. Reducing the number of post-Reverse Stock Split stockholders, however, is not the purpose of this
proposal.

Stockholders should
be aware that, under the escheat laws of the various jurisdictions where stockholders reside, where we are domiciled and where the funds
for fractional shares would be deposited, sums due to stockholders in payment for fractional shares that are not timely claimed after
the effective time may be required to be paid to the designated agent for each such jurisdiction. Thereafter, stockholders otherwise
entitled to receive such funds may have to seek to obtain them directly from the state to which they were paid.

No appraisal rights

No action is proposed
herein for which the laws of the State of Delaware, our Certificate of Incorporation, or our amended and restated bylaws provide a right
to our stockholders to dissent and obtain an appraisal of, or payment for, such stockholders’ common stock.

Accounting matters

The Reverse Stock
Split would not affect the par value of our common stock per share, which