Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 41

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 41
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 proxy statement and the annexes attached to the proxy statement, including risks described in our filings with the SEC referred to herein, when deciding whether to vote to approve the Asset Sale Proposal. The risks and uncertainties described below are not the only ones we face. Additional risks and uncertainties of which we are unaware, or that we currently believe are not material, may also become important factors. This proxy statement also contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in the forward-looking statements as a result of factors that are described below and elsewhere in this proxy statement. See the section titled “ Special Note Regarding Forward-Looking Statements” beginning on page 23of this proxy statement.

Risks Related to the Asset Sale

While the Asset Sale is pending, we are subject to business uncertainties and contractual restrictions that could disrupt our business.

On July 17, 2025, we entered into the Asset Purchase
Agreement. See the section titled “Asset Purchase Agreement” on page 70
for further discussion of the Asset Purchase Agreement. Whether or not the Asset Sale is consummated, the Asset Sale may disrupt our
current plans and operations, which could have an adverse effect on our business and financial results in connection with the Legacy
Business. The uncertainties about the effect of the Asset Sale may impact our ability to retain, recruit, and hire
employees and key personnel while the transaction is pending or if it fails to close. We may incur unexpected costs, charges, or expenses
resulting from the Asset Sale. Furthermore, we cannot predict how our current customers, prospective customers, and other partners will
view or react to the Asset Sale during the pendency or upon consummation of the Asset Sale. If we are unable to reassure our partners
to continue their partnerships or affiliations with us, our revenues, financial condition, and results of operations may be adversely
affected.

Employees and key personnel could experience uncertainty
or face significant burdens from their commitment of substantial amounts of time and attention toward the completion of the Asset Sale.
If, despite our efforts, key personnel depart because of these uncertainties and burdens, or because they do not wish to transition with
the Social Mobile business post-closing, our business and results of operations may be adversely affected. In addition, whether or not
the Asset Sale is consummated, while it is pending, we will continue to incur costs, fees, expenses, and charges related to the Asset
Sale, including legal, accounting, financial advisor, filing