Company: SONM
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001641172-25-005421
Chunk: 54

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-18
Form: DRS
Chunk 54
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 net proceeds for our operations, including the purchase of life settlement policies, supporting our overall business strategy, working capital purposes and general corporate purposes, which may include repayment and refinancing of our indebtedness. We have not yet determined the manner in which we will allocate the net proceeds from this offering, and as a result, management will have broad discretion in the allocation and use of the net proceeds. We may temporarily invest the net proceeds from this offering in cash and cash equivalents or short-term marketable securities until they are used for their stated purpose.

The Company reserves the right to change the use of proceeds, provided that such reservation is due to certain contingencies that are discussed specifically and the alternatives to such use in that event are indicated.

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<div align='center'>Dilution</div>

If you invest in our common stock, your interest will be diluted to the extent of the difference between the price per share you pay in this offering and the net tangible book value per share of our common stock immediately after this offering. Dilution with respect to net tangible book value per share represents the difference between the amount per share paid by purchasers of shares of common stock in this offering and the net tangible book value per share of our common stock immediately after this offering.

Our net tangible book value of our common stock as of December 31, 2024 was approximately $(5,700,000.00), or approximately $(1.14) per share of common stock based upon 4,983,868 shares outstanding as of such date. Net tangible book value per share is equal to our total tangible assets, less our total liabilities, divided by the total number of shares outstanding as of December 31, 2024.

After giving effect to the sale of our common stock in the aggregate amount of $[XX] at the public offering price of $[XX] per share and after deducting offering commissions and estimated aggregate offering expenses payable by us, our net tangible book value as of December 31, 2024 would have been approximately $[XX] million, or $[XX] per share of common stock. This represents an immediate [increase (decrease)] in net tangible book value of $[XX] per share to our existing stockholders and an immediate [dilution (accretion)] in net tangible book value of $[XX] per share to new investors in this offering at the assumed public offering price.

The following table illustrates this calculation on a per share basis:

| Public                                                                                                 
 offering price per