Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 84

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 84
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 the board                                                                     
 and its Special Committee that the hostile takeover attempt by Orbic, the proxy contest and 
 related dynamics adversely affected the Company’s ability to solicit and negotiate          
 with potential bidders and impacted the Cash Consideration;                                 |

| ● | the assets being sold to the Buyer include substantially all of 
 our non-cash assets;                                            |

| ● | the terms of the Asset Purchase Agreement that place restrictions                          
 on our ability to consider an alternative strategic transaction and to terminate the Asset 
 Purchase Agreement and accept a Superior Proposal;                                         |

| ● | one or more third parties                                                                        
 could assert claims against us, either before or after the closing of the Asset Sale, and        
 seek damages or other remedies, and we might be required to spend substantial time and resources 
 defending any such claims;                                                                       |

| ● | the fact that the Asset                                                                  
 Sale is subject to certain closing conditions, some of which are outside of our control; |

| ● | the fact that the Company                                                                      
 has a dispersed stockholder base that includes a significant portion of retail stockholders,   
 which increases the difficulty of obtaining the required approval of the holders of a majority 
 of the outstanding shares of the Company’s common stock;                                       |

| ● | the                                                                                         
 fact that the board will evaluate alternatives for the use of the Post-Closing Cash but has 
 not determined how the Post-Closing Cash will be utilized and while those alternatives are  
 currently expected to include using the Post-Closing Cash to fund the Company’s             
 operational expenses;                                                                       |

| ● | that fact that, because of the                                                          
 disposition of the Legacy Business, the Company may be considered to be a shell company 
 for the purpose of the Exchange Act Rule 12b-2;                                         |

| ● | the fact that the announcement                                                              
 and pendency of the Asset Sale, or the failure to complete the Asset Sale, may result in    
 significant costs to us and cause substantial harm to our relationships with our employees, 
 agents, customers and other business partners;                                              |

| ● | the fact that the Company does not intend to liquidate                               
 following the closing of the Asset Sale, and the Cash Consideration is not currently 
 contemplated to be distributed to the Company’s stockholders;                        |

| ● | the right afforded to the Buyer under the Asset Purchase Agreement                
 to seek to match Alternative Transactions that the board determines in good faith 
 are Superior Proposals;                                                           |

| ● | the                                                                                          
 requirement that we pay the Buyer a termination fee of $1