Company: SONM
Filing Date: 2025-04-21
Form Type: 8-K
Source: 0001641172-25-005546
Chunk: 3

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-21
Form: 8-K
Item: Item 1.01
Chunk 3
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ly owned by a third party with whom the Acquiring Person has any agreement, arrangement or understanding
(whether or not in writing) (i) for the purpose of acquiring, holding or voting securities of the Company or (ii) to cooperate in obtaining,
changing or influencing control of the Company, will be deemed to be beneficially owned by the Acquiring Person.

Consequences of a Person or Group Becoming an Acquiring
Person

  Flip-In. If a person or group becomes an Acquiring Person, all holders of Rights except the Acquiring Person or its affiliates may, for the Purchase Price, purchase shares of Company Common Sto...  
  Exchange. In lieu of the “flip-in” feature described above, the Board may, at its option at any time after a person or group becomes an Acquiring Person, exchange the Rights (other than Rights ...  
  Flip-Over. If the Company is later acquired in a merger or similar transaction after the Distribution Date, all holders of Rights except the Acquiring Person or its affiliates may purchase, for...  
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Company Preferred Share Provisions

Each Preferred Share, if issued:

  will not be redeemable;                                                                                                                                                                               
  when, as and if any dividend is declared on Common Stock, entitle the holder to quarterly dividend payments in an amount per share equal to 1,000 times the aggregate per share amount of all cas...  
  will entitle the holder upon liquidation to receive a preferential liquidation payment of the greater of (a) $1,000 per Preferred Share, plus an amount equal to accrued and unpaid dividends and...  
  will have the same voting power as 1,000 shares of Common Stock;                                                                                                                                      
  if shares of Common Stock are exchanged via merger, consolidation, or a similar transaction, will entitle the holder to a per share payment equal to the payment made on 1,000 shares of Common S...  
  the Preferred Shares would rank junior to any other series of the Company’s preferred stock in the event such other preferred stock is issued by the Company, unless the terms of any such series...  

The value of one one-thousandth
interest in a Preferred Share is intended to approximate the value of one share of Common Stock.

Expiration

The Rights will expire on the
Final Expiration Date, unless the Rights are earlier redeemed or exchanged by the Company.