Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 83

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 83
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 of the Asset Purchase Agreement, are reasonable and advantageous to the Company; |

| ○ | the                                                                                                                  
 fact that the Asset Purchase Agreement does not preclude a third party from making an unsolicited                    
 proposal for a competing transaction with the Company and, under certain circumstances more                          
 fully described in the section titled “Asset Purchase Agreement — Covenants — No Solicitation” beginning on page 78; |

| ○ | our board                                                                                  
 may withdraw or modify its recommendations to the Company stockholders regarding the Asset 
 Sale in response to an unsolicited proposal for a competing transaction;                   |

| ○ | our                                                                                                
 board may terminate the Asset Purchase Agreement if it determines that the Alternative Transaction 
 is a Superior Proposal and that it would be inconsistent with the board’s                          
 fiduciary duties not to terminate the Asset Purchase Agreement in order to accept the Superior     
 Proposal; and                                                                                      |

| ○ | the anticipated                                                                                  
 time to close the Asset Sale, which was negotiated to allow the Company to effect a continuation 
 of its business other than the Legacy Business;                                                  |

| ○ | the Asset                                                                                 
 Sale is subject to the approval of the holders of a majority of our outstanding shares of 
 common stock;                                                                             |

| ● | the board’s belief that the Asset Sale would likely             
 be consummated in accordance with the Asset Purchase Agreement. |

Our board also considered and balanced the factors
described above against certain negative factors and potential risks associated with the Asset Sale, including the following factors,
which are not intended to be exhaustive and are not presented in any relative order of importance:

| ● | as described in the                                                              
 section titled “Asset Purchase Agreement — Consideration”                        
 beginning on page 74, the Cash Consideration (and, as a result, the Post-Closing 
 Cash) is subject to adjustments;                                                 |

| ● | earn-out consideration may never be paid to the Company; |

| ● | the fact that the Buyer has not agreed to assume all of the Company’s             
 liabilities, including liabilities associated with certain third-party            
 claims, including the IP Litigation and other potential liabilities (as described 
 in the section titled “Asset Purchase Agreement — Assumption                      
 and Transfer of Liabilities — Excluded Liabilities” beginning on page             
 73);                                                                              |

| 55 |

| ● | the incurrence of significant costs and expenses in connection                     
 with attempting to complete the Asset Sale, including legal, accounting, and other 
 costs;                                                                             |

| ● | the belief of