Company: SONM
Filing Date: 2025-07-09
Form Type: DFAN14A
Source: 0001213900-25-062266
Chunk: 2

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-07-09
Form: DFAN14A
Chunk 2
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 OFFER REPRESENTS A 66.7% PREMIUM: The revised offer represents a 66.7% premium of the                                    
 amount payable by Social Mobile® at an initial closing of that transaction (and a 25% premium if the earnout feature of the proposed 
 Social Mobile® transaction is achieved). Orbic is prepared to move forward expeditiously with the negotiation of an asset purchase   
 of substantially all of Sonim’s assets. Orbic’s non-binding offer is backed by a $50 million financing commitment from a third-party 
 lender. Sonim’s Special Committee continues to claim that it is committed to maximizing stockholder value; however, they have failed 
 to provide stockholders with the details of how they will achieve the value.                                                         |

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| ● | SONIM HAS YET TO SIGN AGREEMENTS WITH SOCIAL MOBILE® OR ITS UNNAMED ACQUIRER FOR THE SALE OF ITS 
 PUBLIC COMPANY SHELL:                                                                            |

WHERE ARE THE DETAILS?: The Sonim
board of directors signed a letter of intent with Social Mobile® over a month ago, however, there has yet to be an agreement signed.
WHAT IS TAKING SO LONG? Further, Sonim has still not provided you with any specific details on how the proposed non-binding
letter of intent for an asset sale to Social Mobile® or non-binding letter of intent for a proposed sale of Sonim’s public company
shell will translate into stockholder value. Sonim’s recent announcements continue to fail to provide sufficiently quantifiable
metrics, verifiable data and financial analysis demonstrating how the proposed transactions will deliver tangible benefits. WHAT IS SONIM HIDING?

| ● | SONIM’S PRECIPITOUS STOCK PRICE DECLINE HAS DEVASTATED STOCKHOLDER VALUE: |

| o | SONIM’S SHARES SINK AFTER ANOTHER PUBLIC OFFERING: Following                                                                              
 the announcement of our revised offer, Sonim’s board of directors undertook another dilutive stock offering, which has further devastated 
 stockholder value and eroded the value of your investment. Sonim offered an additional 7.4 million shares at $0.75 a share, a steep       
 discount to the market price on July 1, 2025, resulting in its stock price plunging by approximately 38%.                                 |

| o | STOCKHOLDERS SHOULD BE FURIOUS: The Sonim board of directors disastrous track record of operating                                                  
 performance and ill-advised financing strategies have continued to destroy stock