Company: SONM
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001641172-25-005421
Chunk: 55

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-18
Form: DRS
Chunk 55
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 share                                                                               
 Net                                                                                                    
 tangible book value per share as of December 31, 2024                                                  |     |   | (1.14) |     |   | [XX] |
|:-------------------------------------------------------------------------------------------------------|:----|:--|:-------|:----|:--|:-----|
| Increase                                                                                               
 (decrease) in net tangible book value per share attributable to the offering                           |     | $ | [XX]   |     |   |      |
| As                                                                                                     
 adjusted net tangible book value per share as of December 31, 2024 after giving effect to the offering |     |   |        |     | $ | [XX] |
| Dilution                                                                                               
 (Accretion) in net tangible book value per share to new investors in this offering                     |     |   |        |     | $ | [XX] |

The number of shares of our common stock to be outstanding immediately after this offering for the purpose of the above discussion and table is based on 4,983,868 shares of our common stock outstanding as of December 31, 2024, and excludes, as of such date:

| ● | 350,000                                                                              
 shares  of common stock issuable upon the exercise                                   
 of outstanding warrants;                                                             |
| ● | 755,494 shares of common stock issuable upon the exercise                            
 of outstanding options;                                                              |
| ● | 67,962 shares of common stock issuable upon the vesting                              
 of outstanding restricted stock units issued under the EIP; and                      |
| ● | 404,047                                                                              
 shares of common stock that remain available for future equity grants under the EIP. |

To the extent that options or warrants have been or are exercised, or other shares are issued, investors purchasing shares in this offering could experience further dilution. In addition, we may choose to raise additional capital due to market conditions or strategic considerations, even if we believe we have sufficient funds for our current or future operating plans. To the extent that additional capital is raised through the sale of equity or convertible debt securities, the issuance of these securities could result in further dilution to our stockholders.

| 34 |

<div align='center'>Capitalization</div>

The following table sets forth our cash and
cash equivalents and capitalization as of December 31, 2024:

| ● | on an actual basis;                                                                                                                |
| ● | on a pro forma basis to                                                                                                            
 give effect to (a) the issuance