Company: SONM
Filing Date: 2025-10-09
Form Type: S-1/A
Source: 0001493152-25-017589
Chunk: 35

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-10-09
Form: S-1/A
Chunk 35
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 with information that may be useful for purposes of considering and evaluating the proposal to approve the proposed Asset Sale. The unaudited pro forma condensed consolidated financial information does not give effect to the potential impact of current financial conditions, regulatory matters, operating efficiencies or other savings or expenses that may be associated with the proposed Asset Sale.

The Company cautions stockholders that its future results of operations, including uses of cash and financial position, will significantly differ from those described in this unaudited pro forma condensed consolidated financial information. The unaudited pro forma condensed consolidated financial information and the accompanying unaudited notes should be read in conjunction with the Company’s consolidated financial statements for the six months and as of June 30, 2025, and the year ended December 31, 2024, and the notes thereto, which are incorporated by reference in this proxy statement.

3. Unaudited Pro Forma Adjustments

The following transaction accounting adjustments depict the accounting for the proposed Asset Sale and are based on preliminary estimates that could change materially as additional information is obtained.

I. Unaudited pro forma condensed balance sheet adjustments:

| (A) | Reflects the elimination of historical balances of assets sold and liabilities transferred. |
| (B) | Reflects changes in                                                                         
 cash and cash equivalents related to the pro forma adjustments below:                       |

| Unadjusted purchase price, excluding earn out |     | $ | 15,000 |   |
| Adjustment Amount                             |     |   |    138 |   |
| Cash owned by foreign subsidiaries sold       |     |   |   (555 | ) |
|                                               |     | $ | 14,583 |   |

| (C) | Reflects an accrual for                                                                                                       
 estimated transaction expenses of $1,250 (the “Transaction Expenses”), estimated severance payments of $2,137 for             
 certain employees following the Asset Sale (the “Severance Payments”), which are expected to be borne by the Company,         
 and an estimated income tax accrual for the tax impact of the pro forma adjustments at the statutory rate of 21%.             |
| (D) | Reflects the recognition                                                                                                      
 of a gain of $12,074 (see calculations in Note (H) below) with regard to the Asset Sale, the expense related to the Severance 
 Payments, and the tax impact of the pro forma adjustments at the noted statutory rate.                                        |

II. Unaudited pro forma condensed statement of operations for the six months ended June