Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 46

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 46
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 adjourn the Special Meeting is limited, which could prevent us from obtaining the required stockholder approval of the Asset Sale Proposal.

Under the terms of the Asset Purchase Agreement,
our ability to postpone or adjourn the Special Meeting without consent of the Buyer is extremely limited. As a result, if the requisite
vote of our stockholders is not obtained at the Special Meeting or any permitted adjournment, we may be unable to secure approval of
the Asset Sale Proposal, notwithstanding the time, effort, and expense incurred in connection with preparing for and holding the Special
Meeting.

Risks Related to Our Future Operations

We may be treated as a shell company following the consummation of the Asset Purchase Agreement, which may negatively impact our financial condition and results of operations.

In the past, we had publicly announced our intent
to pursue two contemporaneous strategic tracks: to enter into and consummate the Asset Purchase Agreement, and to identify a reverse
takeover (RTO) target and to consummate an RTO.

| 26 |

Wehave abandoned the RTO strategy and have not consummated any alternative transaction to date. Accordingly, the disposition of the Legacy Business may render the Company a “shell company” by the SEC or Nasdaq. If the Company is deemed a shell company, we would be subject to significant regulatory and market disadvantages, including:

| ● | ineligibility to use                                                           
 Form S-3 until 12 full calendar months after filing “Form 10 information” with 
 the SEC;                                                                       |

| ● | holders of our common                                                                     
 stock will not be able to sell their restricted shares due to Rule 144(i), until one year 
 after the Form 10 information is filed with the SEC;                                      |

| ● | the Company will become                                                                       
 an “ineligible issuer” for three years following the closing, which will prevent              
 the Company from (i) incorporating by reference in its Form S-1 filings, (ii) using a free    
 writing prospectus, or (iii) taking advantage of well-known seasoned issuer status regardless 
 of its public float;                                                                          |

| ● | potential delisting 
 from Nasdaq; and    |

| ● | market perception risks,                                                                    
 including a potential depressive effect on the trading price of our common stock due to our 
 classification as a “former shell company.”                                                 |

These outcomes could materially and adversely
affect our sales, financial condition, and results of operations, as well as the trading price of our common stock. They may