Company: SONM
Filing Date: 2025-08-12
Form Type: 8-K
Source: 0001641172-25-023214
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Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-08-12
Form: 8-K
Item: Item 1.01
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Item      Entry                                  

Factoring
Agreement

On
August 7, 2025, Sonim Technologies, Inc. (the “ Company”) entered into a factoring agreement (the “ Factoring Agreement”)
with Tradewind GmbH (“ Tradewind”), under which Tradewind will provide receivables factoring to the Company. Pursuant to the
terms of the Factoring Agreement, eligible receivables will be purchased by Tradewind at a 15% discount to their face value. The maximum
financing amount of the factoring facility is €3 million. The interest rate applicable to the Factoring Facility is the greater
of 4.00% or EURIBOR plus

The
Factoring Agreement has an initial term of twelve (12) months, subject to an automatic annual extension, unless terminated. The Factoring
Agreement can be terminated by either party upon three months’ written notice.

The
foregoing description of the Factoring Agreement does not purport to be complete and is qualified in its entirety by reference to the
full text of the Factoring Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by
reference.

Subscription
Agreement Amendments

As
previously reported, the Company entered into subscription agreements on April 29, 2024 and May 12, 2025 (the “ Original Subscription
Agreements”) with certain investors (each an “ Investor”) to purchase shares of the Company’s common stock, as
well as warrants to purchase the Company’s common stock (such warrants, the “ Subscription Warrants”). On August 7,
2025, the Company and the Investors entered into an amendment, amending each of the Original Subscription Agreements (the “ Subscription
Agreement Amendments”) to reduce the Subscription Warrant exercise price to $0.75.

The
foregoing description of the Subscription Agreement Amendments does not purport to be complete and is qualified in its entirety by reference
to the full text of the Form of Subscription Agreement Amendment and Subscription Agreement Amendment, which are filed as Exhibit 10.2
and Exhibit 10.3, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.