Company: SONM
Filing Date: 2025-09-19
Form Type: DEF 14A
Source: 0001493152-25-014244
Chunk: 14

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-19
Form: DEF 14A
Chunk 14
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 a period of 180 calendar days, or through February 9, 2026, to regain compliance with the Minimum Bid Price Rule. To
regain compliance, the closing bid price of our common stock must be at least $1.00 per share for a minimum of ten (10) consecutive business
days as required under Nasdaq Listing Rule 5810(c)(3)(A) (unless the Nasdaq staff exercises its discretion to extend this 10-day period
pursuant to Nasdaq Listing Rule 5810(c)(3)(H)). We have not regained compliance with the Minimum Bid Price Rule as of the date of this
proxy statement.

| 8 |

While we intend to monitor the closing
price of our common stock and consider available options depending on the trading price of our common stock, no assurance can be made
that we will in fact be able to comply with the Minimum Bid Price Rule. Reducing the number of outstanding shares of our common stock
should, absent other factors, result in an increase in the per share market price of our common stock, although we cannot provide any
assurance that our minimum bid price would, following the Reverse Stock Split, remain over any applicable minimum bid price requirements.
Accordingly, our board believes that it is in the best interest of the Company and its stockholders that the board has the ability to
effect, in its discretion, the Reverse Stock Split to improve the price level of our common stock so that we are able to maintain continued
compliance with the Minimum Bid Price Rule and minimize the risk of future delisting from Nasdaq.

Additional Reasons to Effect the Reverse Stock Split

In addition to the primary purpose
for effecting the Reverse Stock Split, an increase in the per-share trading price of our common stock is expected to:

| ● | increase                                                                                          
 the acceptability of our common stock to long-term investors who may not find our shares          
 attractive at their current prices due to the trading volatility often associated with stocks     
 below certain prices;                                                                             |
| ● | make                                                                                              
 our common stock eligible for investment by brokerage houses and institutional investors          
 that have internal policies and practices that either prohibit them from investing in low-priced  
 stocks or tend to discourage individual brokers from recommending low-priced stocks to their      
 customers or by restricting or limiting the ability to purchase such stocks on margin;            |
| ● | make                                                                                              
 our common stock more attractive for investors who may be dissuaded from purchasing stocks        
 below certain prices because the brokerage commissions, as a