Company: SONM
Filing Date: 2025-04-30
Form Type: PRRN14A
Source: 0001213900-25-037151
Chunk: 3

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: PRRN14A
Chunk 3
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1,946,345shares of Common Stock held by AJP to use in connection with a contemplated proxy solicitation for the election of a slate of nominees for election to the Company’s board of directors at its 2025 Annual Meeting. On March 20, 2025, AJP and Orbic submitted to Sonim its formal notice of intent (“ Notice”) to nominate the AJP/Orbic Nominees to the Board following weeks of the Company having failed, in the view of the AJP/Orbic Parties, to constructively and meaningfully engage with Orbic in private in respect of a potential strategic business combination transaction. On March 31, 2025, AJP and Orbic submitted to the Company’s Board of Directors, a non -bindingproposal (the “ Proposal”) to acquire Sonim in a business combination in which the Company’s stockholders would receive a cash purchase price of $4.00 per share. On March 31, 2025, AJP and Orbic submitted a books and records demand (the “ Books and Records Demand”) pursuant to Section 220 of the Delaware General Corporation Law (the “ DGCL”) and the common law of the State of Delaware to the Company seeking to, among other things, review certain books and records of Sonim in connection with the 2025 Annual Meeting, including the election of directors and other matters that may come before the 2025 Annual Meeting. On April1, 2025, legal representatives of Orbic and representatives of Roth Capital had a meeting to discuss the Proposal. Thereafter, on April4, 2025, the Special Committee submitted a letter to Orbic outlining certain criteria for moving forward with continuing discussions. As of the date hereof, no further communication regarding the Proposal has occurred between Sonim and Orbic. On April7, 2025, the Sonim Board of Directors issued a letter to AJP and Orbic rejecting its stockholder nominations, alleging that the nomination notice was deficient for failure to provide information regarding the experience, qualifications, attributes or skills of the AJP/Orbic Nominees pursuant to Item 401(e) of Securities and Exchange Commission (“ SEC”) Regulation S -K. In addition, on April7, 2025, representatives of Sonim delivered a letter to representatives of Orbic contesting AJP and Orbic’s prior Books and Record Demand. On April10, 2025, AJP and Orbic delivered a letter to the Board of Directors of Sonim