Company: SONM
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001641172-25-005421
Chunk: 56

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-18
Form: DRS
Chunk 56
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 of 3,472,297 shares of common stock issued under the At-The-Market stock sale program (the “ATM”)  
 and the receipt of net proceeds of $8.2 million in the aggregate therefrom, (b) the issuance of a Promissory Note (the “Note”)     
 with original principal of $3.3 million and aggregate debt discount and debt issuance costs of $0.5 million and the receipt of net 
 proceeds of $2.8 million therefrom, (c) a $6.3 million non-cash reduction in the customer allowance liability and the reversal of  
 the related contra-revenue, (d) the payment of certain current liabilities with the cash received from the aforementioned proceeds 
 received, and (e) certain other miscellaneous activities of the company ; and                                                      |
| ● | on a pro forma as adjusted                                                                                                         
 basis to give further effect to the issuance and sale of shares of our common stock in this offering at an assumed public offering 
 price of $[          ] per share, which is the last reported sale price for our                                                    
 common stock on Nasdaq on April [     ], 2025, after deducting the placement agent fees and estimated offering                     
 expenses payable by us, and assuming no sale of pre-funded warrants.                                                               |

Our capitalization following the closing of
this offering will be adjusted based on the actual public offering price and other terms of this offering determined at pricing. You
should read this table in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
and our financial statements and related notes incorporated by reference into this prospectus.

|                                                                                                                                             |     | Actual         
 (in thousands) |          |   |     | Pro Forma |          |   |     | Pro Forma   
 As Adjusted |
|:--------------------------------------------------------------------------------------------------------------------------------------------|:----|:---------------|---------:|:--|:----|:----------|---------:|:--|:----|:------------|
| Cash and cash equivalents                                                                                                                   |     | $              |    5,343 |   |     | $         |    4,464 |   |     | $           |
| Accounts payable                                                                                                                            |     |                |   22,848 |   |     |           |   17,246 |   |     |             |
| Accrued liabilities                                                                                                                         |     |                |   20,892 |   |     |           |   15,017 |   |     |