Company: SONM
Filing Date: 2025-07-02
Form Type: 8-K
Source: 0001641172-25-017611
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Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-07-02
Form: 8-K
Item: Item 8.01
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Item      Other    

On
July 1, 2025, Sonim Technologies, Inc. (the “ Company”) priced a best-efforts public offering (the “ Offering”)
of 7,400,000 shares of its common stock at a public offering price of $0.75 per share. In connection with the Offering, the Company entered
into a securities purchase agreement (the “ Purchase Agreement”) with certain investor signatories thereto for the purchase
of shares of common stock described above.

Roth
Capital Partners (the “ Placement Agent”) served as the exclusive placement agent in connection with the Offering. The Company
paid the Placement Agent a cash fee of 7.0% of the aggregate gross proceeds raised at the closing of the Offering, and reimbursement
of certain expenses and legal fees in the amount of $100,000. The Company also issued to designees of the Placement Agent warrants to
purchase up to an aggregate of 208,875 shares of Common Stock (the “ Placement Agent Warrants”). The Placement Agent Warrants
have an exercise price of $0.75 per share, are not exercisable until the 181 st

The
shares of common stock and the Placement Agent Warrants described above and the underlying shares of common stock were offered pursuant
to a Registration Statement on Form S-1, as amended (File No. 333-288221) (the “ Registration Statement”), which was declared
effective by the Securities and Exchange Commission (the “ SEC”) on June 30, 2025.

The
closing of the Offering occurred on July 2, 2024. The estimated net proceeds of the Offering are estimated to be approximately $4.9 million,
after deducting the Placement Agent fees and expenses and other estimated offering expenses payable by the Company. The Company intends
to use the net proceeds of the Offering for overall business strategy, for working capital purposes and for general corporate purposes,
which may include repayment and refinancing of our indebtedness.

The
foregoing summaries of the Purchase Agreement and Placement Agent Warrants do not purport to be complete and are qualified in their entirety
by the forms of such documents, which are filed as Exhibits 4.1 and 10.1 to this report.

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act
of 1995, as amended. These statements relate to, among other things, the statements relating to the amount of gross proceeds expected
from the offering and the