Company: SONM
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022821
Chunk: 28

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 28
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 the Offering, the Company entered into a securities purchase agreement
with certain investor signatories thereto for the purchase of shares of common stock described above.

Roth
(the “Placement Agent”) served as the exclusive placement agent in connection with the Offering. The Company paid the Placement
Agent a cash fee of 7.0% of the aggregate gross proceeds raised at the closing of the Offering, and reimbursement of certain expenses
and legal fees in the amount of $100. The Company also issued to designees of the Placement Agent warrants to purchase up to an aggregate
of 208,875 shares of Common Stock (the “Placement Agent Warrants”). The Placement Agent Warrants have an exercise price of
$0.75 per share, are not exercisable until January 2, 2026, and expire on July 2, 2030. The exercise prices of the Placement Agent Warrants
are subject to appropriate adjustment in the event of stock dividends, stock splits, stock combinations, reorganizations or similar events
affecting the Common Stock. Subject to limited exceptions, a holder of Placement Agent Warrants will not have the right to exercise any
portion of its Warrants if the holder (together with such holder’s affiliates, and any persons acting as a group together with
such holder or any of such holder’s affiliates) would beneficially own a number of shares of common stock in excess of 4.99% (or,
upon election by a holder prior to the issuance of any Warrants, 9.99%) of the shares of common stock then outstanding. At the holder’s
option, upon notice to the Company, the holder may increase or decrease this beneficial ownership limitation not to exceed 9.99% of the
shares of Common Stock then outstanding. The Purchase Agreement contains customary representations, warranties, and covenants by the
Company. It also provides for customary indemnification for losses or damages arising out of or in connection with the Offering, including
for liabilities under the Securities Act, other obligations of the parties and termination provisions.

    19

The
shares of common stock and the Placement Agent Warrants described above and the underlying shares of common stock were offered pursuant
to a Registration Statement on Form S-1, as amended (File No. 333-288221), which was declared effective by the SEC on June 30, 2025.

The
net proceeds of the Offering are approximately $4,800, after deducting the Placement Agent fees and expenses and other