Company: SONM
Filing Date: 2025-11-26
Form Type: 8-K
Source: 0001493152-25-025141
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Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-26
Form: 8-K
Item: Item 1.01
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Item      Entry                                  

As
previously disclosed on the Current Report on Form 8-K filed by Sonim Technologies, Inc. (the “ Company” or “ Sonim”)
with the Securities and Exchange Commission (the “ SEC”) on July 22, 2025, the Company entered into that certain asset purchase
agreement (the “ Purchase Agreement”), dated as of July 17, 2025, by and among the Company, as seller, Pace Car Acquisition
LLC, as buyer, (the “ Buyer”), the Seller Representative named in the Purchase Agreement, and, Social Mobile Technology Holdings
LLC (the “ Parent”), solely for the purpose of guaranteeing complete payment and performance obligations of the Buyer contained
in the Purchase Agreement. Pursuant to the Purchase Agreement, the Buyer agreed to acquire substantially all assets of the Company and
its subsidiaries related to the Company’s enterprise 5G solutions business for a purchase price of $15 million in cash, subject
to a customary working capital, indebtedness, and transaction expense adjustments (referred to in the Purchase Agreement as the “ Adjustment
Amount”).

On
November 24, 2025, the Company, the Buyer, the Parent, and the Seller Representative entered into a first amendment to the Purchase Agreement
(the “ APA Amendment”). The APA Amendment modifies certain provisions of the Purchase Agreement, including:

  removal                                                                                          
  the                                                                                              
  the                                                                                              

The
foregoing summary of the APA Amendment and transactions contemplated thereby does not purport to be complete and is qualified in its
entirety by the full text of the APA Amendment, a copy of which is filed as Exhibit 2.1 hereto and incorporated by reference herein.