Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 103

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 103
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 Asset Sale will continue to hold the same number of shares immediately following the closing of the Asset Sale.

SEC Reporting

Our SEC reporting obligations as a public company
will not be affected as a result of completing the Asset Sale.

Regulatory Approvals

No federal or state regulatory requirements must
be complied with or approval must be obtained in connection with the Asset Sale.

<div align='center'>ASSET PURCHASE AGREEMENT</div>

The following discussion sets forth the principal terms of the Asset Purchase Agreement, a copy of which is attached as Annex Ato this proxy statement and is incorporated herein by reference. The rights and obligations of the parties are governed by the express terms and conditions of the Asset Purchase Agreement and not by this discussion, which is a summary in nature. This discussion is not complete and is qualified in its entirety by reference to the complete text of the Asset Purchase Agreement. You are encouraged to read the Asset Purchase Agreement carefully and in its entirety, as well as this proxy statement and any annexes thereto, before making any decisions regarding the proposals being brought before the Special Meeting.

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Purchase and Sale of Assets

General

We have entered into the Asset Purchase Agreement
with the Buyer and the Parent that provides, among other things, that we will sell substantially all of our assets and the assets of
our subsidiaries related to the Sonim enterprise 5G solutions business, including rugged handsets, smartphones, wireless internet devices,
software, services, and accessories (collectively, the “Legacy Business”) other than the excluded assets, as discussed below,
to the Buyer, and the Buyer will acquire those assets and assume substantially all of our liabilities as specified in the Asset Purchase
Agreement.

The parties’ respective obligations to consummate
the transactions contemplated by the Asset Purchase Agreement are subject to the satisfaction or waiver of the conditions set forth therein,
including the approval of the Asset Purchase Agreement, the Asset Sale, and the other transactions contemplated by the Asset Purchase
Agreement by the holders of a majority of the outstanding shares of our common stock entitled to vote thereon at the Special Meeting.

Acquired Assets

Upon the terms and subject to the conditions of
the Asset Purchase Agreement, we have agreed to sell to the Buyer the following assets, which are referred to in this discussion as the
“purchased assets:”

| ● | all current and non-current assets of the Company and the Business, 
 including current assets and accounts receivable;                   |

| ● | the entirety of the equity interests of each of the