Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 24

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 24
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 “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 abstentions will be counted for purposes of determining whether a quorum exists. As of the record date
for the Special Meeting, there were 1,088,635 shares of common stock, issued, outstanding, and entitled to vote, which means that
362,879 shares of common stock must be present in person or represented by proxy at the Special Meeting to establish a quorum.

If a quorum is not present at the Special Meeting,
under our bylaws, the Special Meeting may be adjourned either by the chairperson of the Special Meeting or by vote of the holders of
a majority of voting power of the shares represented thereat, and no other business can be transacted at the Special