Company: SONM
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022821
Chunk: 16

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 16
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the “Rights Agreement”), by and between the Company and Equiniti Trust Company, LLC, a New York
limited liability company, as rights agent. The dividend is payable to stockholders of record of the Company as of the close of business
on May 2, 2025.

Each
Right will allow its holder to purchase from the Company one one-thousandth of a share of Series A Junior Participating Preferred Stock
(the “Preferred Shares”), par value $0.001 per share, for $4.00 (the “Purchase Price”), once the Rights become
exercisable. The Purchase Price payable, and the number of Preferred Shares or other securities or other property issuable upon exercise
of the Rights will be subject to adjustment from time to time to prevent dilution in the event of a stock dividend on, or a subdivision,
combination or reclassification of, the Preferred Shares. The Rights are exercisable only if a person or group acquires 15.5% or more
of the Company’s outstanding common stock (an amount of “less than 20%” in the case of a passive institutional investor
as described in the Rights Plan), commences tender or exchange offer, or a similar event, as described in detail in the Purchase Agreement.

NOTE
6 — Stock-Based Compensation

Stock-based
compensation expense is as follows:

   Schedule of Stock Based Compensation Expense

    2025  
    2024  
    2025  
    2024 

    Three Months Ended  
    Six Months Ended 

    June 30,  
    June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Cost of revenues 
    $13  
    $15  
    $15  
    $27 
  
    Research and development 
     12  
     13  
     14  
     20 
  
    Sales and marketing 
     329  
     104  
     394  
     190 
  
    General and administrative 
     572  
     340  
     793  
     559 
  
    Stock-based compensation
    expenses 
    $926  
    $472  
    $1,216  
    $796 

Stock-based
compensation in Cost of Revenues relates to employees who focus on supply chain management.

Stock