Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 44

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 44
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 a failed
transaction.

Our stockholders may not receive any of the proceeds of the Asset Sale.

The Company, and not its stockholders, will receive
the proceeds from the Asset Sale (the “Post-Closing Cash”). The Company does not intend to liquidate following the closing
of the Asset Sale and currently intends to pursue a strategic transaction, the terms and timing of which are not presently known.
If the Asset Sale closes, the Company will exit the operation of its Legacy Business and other historical operations.

Our board will conduct an extensive review of
available opportunities for the Company’s use of the Post-Closing Cash. Those alternatives are currently expected to include using
the Post-Closing Cash to fund its general corporate purposes. However, there can be no guarantee that our board’s determination
in connection with the use of the Post-Closing Cash will align with the currently disclosed expectations. Our board will conduct a careful
process, and there is no set timeframe for completing the exploration of alternatives.

The proceeds from the Asset Sale will be used to repay our outstanding indebtedness, and little or no proceeds may be available for other corporate purposes.

If the Asset Sale is consummated, we expect to use the net proceeds to repay our outstanding debt obligations. As a result, our stockholders should not expect the Asset Sale to generate cash available for reinvestment in our business, for working capital, or for other corporate purposes. Depending on the final amount of proceeds received and the outstanding balance of our indebtedness at closing of the Asset Sale, the proceeds may be insufficient to fully satisfy our debt obligations, which could require us to seek additional financing or pursue further strategic alternatives. There can be no assurance that such financing or alternatives will be available on favorable terms, or at all. If the Asset Sale is not consummation, or if the proceeds are insufficient to address our indebtedness, our financial condition, liquidity, and ability to continue operations could be materially and adversely affected.

There is no assurance that any alternative transaction will be consummated on terms favorable to us, or at all.

We may explore or engage in discussions regarding potential strategic or alternative
transactions from time to time. However, there can be no assurance that any such transaction will be pursued, agreed upon, or ultimately
consummated. Even if we are able to identify and negotiate with potential counterparties, any alternative transaction, if completed,
may not occur within the timeframe we expect and may not be on terms favorable to us or our stockholders. In addition, the process