Company: SONM
Filing Date: 2025-07-01
Form Type: 424B4
Source: 0001641172-25-017383
Chunk: 6

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-07-01
Form: 424B4
Chunk 6
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party. Even if such an agreement is executed, there is no guarantee that any proposed transaction will be consummated on the expected terms or at all. For additional information, please carefully review the risk factor titled “ Our evaluation of strategic alternatives may not lead to a favorable outcome and could create business disruption and stock price volatility ” regarding the risks associated with Sonim’s strategic alternatives process. Recent Product Awards The first step in selling our products through wireless telecommunications carriers is to receive a product award from the carrier. The award documents the intent of the carrier to carry the proposed product and offer it to customers through their stores or online. The carrier and Sonim agree to a launch date that is generally nine months or longer from the date of the product award. After the product award, the Company and its partners complete the design that includes the unique specifications from the carrier, test the device, obtain certification from the carrier to sell the device, and begin full scale manufacturing of the product based on purchase orders issued by the carrier. As of the filing date of this prospectus, Sonim is completing the development, testing and certification of new products that it expects to launch in the second or third quarter of 2025 with various carriers.

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Equity Financing

On May 12, 2025,
we consummated a private placement and sold an aggregate of 1,100,000 shares of our common stock and warrants to purchase up to 550,000
shares of our common stock for an exercise price of $1.3864 per share for an aggregate purchase price of $1,375,000 (or $1.25
per each share of our common stock and the accompanying warrant). We used the net proceeds from the private placement for working capital
and general corporate purposes. The shares of our common stock sold in the private placement (including those underlying the warrants)
are subject to registration rights, and we expect to file a registration statement to register those shares on or before July 12, 2025.

ATM Offering

On August 6, 2024, the Company entered into a sales agreement (the “Sales Agreement”) with Roth Capital Partners, LLC (“Roth”). Pursuant to the Sales Agreement, the Company may sell, at its option, up to an aggregate of $8.9 million in shares of common stock through Roth, as sales agent. Sales of shares of our common stock made pursuant to the Sales Agreement are being made under the effective Registration Statement on Form S-3. Roth is