Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 23

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 23
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ment Proposal?

The Adjournment Proposal is a proposal to approve
one or more adjournments of the Special Meeting, if necessary or appropriate, from time to time, to a later date or dates, even if a
quorum is present, to solicit additional proxies if there are not sufficient votes at the time of the Special Meeting to approve the
Asset Sale Proposal.

Why are holders of shares of our common stock being asked to cast an advisory (non-binding) vote to approve the compensation that has, will, or may be paid or become payable to our named executive officers in connection with the Asset Sale?

Section 14A of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and the applicable SEC rules thereunder, which were implemented as part of the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010, require us to seek an advisory (non-binding) vote with respect to the compensation
that has, will, or may be paid or become payable to our named executive officers in connection with the Asset Sale. The Advisory Compensation
Proposal is intended to satisfy this requirement. See “Proposal 2: Advisory Compensation Proposal” beginning
on page 83 for additional information.

What will happen if the holders of shares of our common stock do not approve the Advisory Compensation Proposal?

The vote to approve the Advisory Compensation
Proposal is a vote separate and apart from the vote to approve the Asset Sale Proposal. Approval of the Advisory Compensation Proposal
is not a condition to completion of the Asset Sale and is advisory in nature only, meaning that it will not be binding on us. Accordingly,
if our stockholders approve the Asset Sale Proposal and the Asset Sale is consummated, the compensation that is based on or otherwise
relates to the Asset Sale will or may be payable to our named executive officers in accordance with the terms of the underlying compensation
agreements and arrangements, even if this proposal is not approved.

What are the quorum requirements for the Special Meeting?

A quorum of stockholders is necessary to transact
business at the Special Meeting. Our bylaws provide that the presence, in person, by remote communication, or by proxy of the holders
of one-third of the voting power of the outstanding shares of our common stock entitled to vote will constitute a quorum for the transaction
of business at the Special Meeting. Thus, votes of stockholders of record who are present at the Special Meeting virtually or by proxy,
broker non-votes (if any), and abst