Company: SONM
Filing Date: 2025-06-26
Form Type: DFAN14A
Source: 0001213900-25-058306
Chunk: 1

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-26
Form: DFAN14A
Chunk 1
---
 (“Sonim” or the “Company”), today in which Orbic re-emphasized Orbic’s interest
in negotiating a mutually agreeable transaction with Sonim.

In its non-binding proposal, Orbic proposed to purchase substantially
all of Sonim’s assets for a cash purchase price of $25 million, which equates to a price per share of $2.418. Orbic’s proposal
is backed by a $50 million financing commitment from a third-party lender. Orbic stated that it is prepared to expeditiously complete
confirmatory due diligence and to prepare and negotiate a definitive asset purchase agreement. The Orbic asset purchase offer would not
preclude Sonim from additionally proceeding on a parallel path with the Reverse Take-Over transaction announced in its June 25, 2025 press
release. The offer is supported by Orbic beneficially owning, together with AJP Holding Company, LLC, approximately 19% of the outstanding
common stock of Sonim.

A copy of the revised acquisition proposal and financing commitment
letter can be viewed in their entirety on the Securities and Exchange Commission’s website at www.sec.gov on Edgar in the
Schedule 13D/A filed by Orbic.

About Orbic

Orbic, a U.S.-headquartered technology company based in New York, reimagines
the connected experience by thinking outside of the mainstream. Using best-in-class technology, Orbic provides meaningful features to
customers seeking something unique and accessible to all, without exclusion. As a leader in developing and manufacturing innovative mobile
solutions for smart, value-tech consumers, Orbic offers a full portfolio of connected solutions from smartphones and tablets to mobile
hotspots and connected laptops. Orbic’s extensive global ecosystem of partners, suppliers, and carriers ensures that their products deliver
exceptional value and performance, making high-quality technology accessible to a wider audience. For more information, visit www.orbic.us.

Important Information and Where to Find It

This press release may be considered to be a soliciting material in connection with the 2025 Annual Meeting of Stockholders. The AJP/Orbic Parties have filed with the SEC a definitive proxy statement on Schedule 14A, containing a form of BLUEproxy card, with respect to its solicitation of proxies for the 2025 Annual Meeting of Stockholders.

Stockholders are strongly encouraged to read the Company’s definitive proxy statement (including any amendments or supplements thereto) and any other documents filed or to be filed with the SEC carefully and in their entirety when