Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 15

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 15
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 materials to their principals and to obtain authority to execute proxies. We will then reimburse them
for their reasonable, out-of-pocket expenses. The expense associated with the solicitation of proxies will include reimbursement for
postage and clerical expenses to brokerage houses and other custodians, nominees, or fiduciaries for forwarding proxy materials and other
documents to beneficial owners of stock held in their names. We have engaged the services of Sodali & Co with respect to proxy soliciting
matters at an expected cost of approximately $30,000, not including incidental expenses.

Interests of our Directors and Executive Officers in the Asset Sale (see page 65)

In considering the recommendation of our board
to vote “FOR” the Asset Sale Proposal, you should be aware that, aside from their interests as Sonim stockholders, our directors
and executive officers have interests in the Asset Sale that are different from, or in addition to, the interests of our stockholders
generally.

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These interests include potential payments to
our named executive officers pursuant to the terms of agreements we have previously entered into with those officers. Additional information
concerning these potential payments is provided under “Proposal 1: Asset Sale Proposal — Interests of our Directors and Executive Officers in the Asset Sale — Golden Parachute Compensation” on page 68. For more information
on the severance and change in control agreements that we have entered into with our named executive officers, see “Proposal 1: Asset Sale Proposal — Interests of our Directors and Executive Officers in the Asset Sale — The Severance and Change in Control Agreements” on page 67.

Use of Proceeds and Future Operations (see page 65)

The Company, and not its stockholders, will receive
the proceeds from the Asset Sale. If the Asset Sale closes, the Company will exit the operation of its Legacy Business and other historical
operations. However, the Company does not intend to liquidate following the closing of the Asset Sale and currently intends to pursue
an alternative transaction, the terms and timing of which are not presently known.

The Company’s post-closing board of directors
will conduct an extensive review of available opportunities for the Company’s use of the Post-Closing Cash. Those alternatives
are currently expected to include using the Post-Closing Cash to fund its general corporate purposes. However, there can be no guarantee
that our board’s determination in connection with the use of the Post-Closing Cash will align with the currently disclosed expectations.