Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 96

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 96
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 Operations

The Company, and not its stockholders, will receive
the proceeds from the Asset Sale. If the Asset Sale closes, the Company will exit the operation of its Legacy Business and other historical
operations. However, the Company does not intend to liquidate following the closing of the Asset Sale and currently intends to pursue
an alternative transaction, the terms and timing of which are not presently known.

The Company’s post-closing board of directors
will conduct an extensive review of available opportunities for the Company’s use of the Post-Closing Cash. Those alternatives
are currently expected to include using the Post-Closing Cash to fund its general corporate purposes and to pursue an alternative
transaction, the terms and timing of which are not presently known. However, there can be no guarantee that our board’s determination
in connection with the use of the Post-Closing Cash will align with the currently disclosed expectations. Our board will conduct a careful
process, and there is no set timeframe for completing the exploration of alternatives.

Interests of our Directors and Executive Officers in the Asset Sale

In considering the recommendation of our Special
Committee and our board to vote “FOR” the Asset Sale Proposal, you should be aware that, aside from their interests as Sonim
stockholders, our directors and executive officers have interests in the Asset Sale that are different from, or in addition to, the interests
of our stockholders generally.

These interests include:

| (i) | potential payments to our non-employee directors; |

| 65 |

| (ii) | potential payments to our named executive officers pursuant to the                       
 terms of agreements we have previously entered into with those named executive officers; 
 and                                                                                      |

| (iii) | potential acceleration of options previously granted to our named                           
 executive officers pursuant to the terms of agreements we have previously entered into with 
 those named executive officers.                                                             |

Additional information concerning these potential
payments is provided under “— Golden Parachute Compensation” below. For more information on the severance
and change in control agreements that we have entered into with our named executive officers, see “— The Severance and Change in Control Agreements” below.

Cash Payments to Non-Employee Directors

We maintain a non-employee director compensation
policy pursuant to which our non-employee directors are eligible to receive compensation for service on our board of directors and committees
of our board of directors, including annual equity awards of restricted stock units (“RSUs”) issuable pursuant to the Sonim
Technologies, Inc