Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 10

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 10
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 Purchase Agreement).

Reasons for the Asset Sale (see page 52)

In the course of our board making the determinations
described in the section titled “The Special Meeting—Recommendation of our Board” beginning on page 28
of this proxy statement, our board:

| (i) | consulted with Company management and the Company’s legal counsel, 
 financial advisors, and financial consultants,                     |

| (ii) | took into account the recommendation of an ad hoc special 
 committee of our board (the “Special Committee”), and     |

| (iii) | considered a number of factors, including, but not limited to, the                                                                                                    
 risks described in the section titled “Risk Factors” beginning on page 24 of this proxy statement, as                                                                 
 well as the factors detailed under “Proposal 1: Asset Sale Proposal — Reasons for the Asset Sale and Recommendation of our Board” on page 52 of this proxy statement. |

| 3 |

Fairness Opinion of Roth Capital Partners, LLC (see page B-1)

The Special Committee retained ROTH Capital Partners, LLC (“Roth Capital”) to act as its financial advisor in connection with the Asset Purchase Agreement. On July 17, 2025, Roth Capital delivered its opinion to the Special Committee that, as of such date, and based upon and subject to the various assumptions made, procedures followed, matters considered and qualifications and limitations set forth in the opinion, the consideration to be received by Sonim pursuant to the Asset Purchase Agreement was fair from a financial point of view.

You are urged to read Roth Capital’s opinion carefully and in its entirety. The opinion addresses only the fairness of the consideration to be received by Sonim pursuant to the Asset Purchase Agreement, from a financial point of view, as of the date of the opinion. Roth Capital expressed no opinion or recommendation to the Special Committee regarding whether Sonim should proceed with the transaction, and Roth Capital’s opinion does not constitute a recommendation to any other persons in respect of the transaction, including as to how any stockholder of Sonim should vote with respect to the transaction.

For further information, see “ Fairness Opinion of Roth Capital Partners, LLC” attached as Annex C.

Special Meeting (see page 28)

Date, Time, and Place

The Special Meeting will be held virtually via
the internet at [www.proxydocs.com/SONM] on [XX], 2025 at [XX] a.m. Pacific Time. You will not be able to attend the Special Meeting
phys