Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 115

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 115
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Financing the Asset Sale

The Buyer is financing the Cash Consideration payable
at closing with cash and available resources on hand.

Expected Timing of the Asset Sale

We expect to complete the Asset Sale in the fourth
quarter of 2025, promptly following the Special Meeting, if the Asset Sale Proposal is approved by our stockholders and the various other
conditions to closing are satisfied or waived. However, there can be no assurance that the Asset Sale will be completed as currently
anticipated. Certain factors, including factors outside of our control and the control of the Buyer, could result in the Asset Sale being
delayed or not occurring at all.

| 79 |

Closing Conditions

Conditions to the Obligation of the Buyer

The obligation of the Buyer to consummate the Asset
Sale is subject to the satisfaction or waiver of the following conditions at closing:

| ● | each of our “fundamental                                                                       
 representations” being true and correct in all respects as of the date of                      
 the Asset Purchase Agreement and as of closing as though made at closing, except to the extent 
 such representations and warranties expressly relate to an earlier date (in which case, such   
 representations and warranties shall be true and correct in all material respects as of such   
 earlier date);                                                                                 |

| ● | each                                                                                         
 of our other representations and warranties that are qualified as to materiality being       
 true and correct in all respects and our representations and warranties that are not so      
 qualified being true and correct in all material respects, in each case as of the date of    
 the Asset Purchase Agreement and as of the closing as though made at Closing,                
 except to the extent such representations and warranties expressly relate to an earlier date 
 (in which case, such representations and warranties that are qualified as to materiality     
 shall be true and correct in all respects, and those not so qualified shall be true and      
 correct in all material respects, in each case, on and as of such earlier date) and except   
 where any failure to be true and correct would not, individually or in the aggregate, have   
 a Seller Material Adverse Effect (as defined in the Asset Purchase Agreement) on us          
 (without giving effect to any “materiality” or “material adverse effect”                     
 qualifications contained in such representations and warranties);                            |

| ● | us having performed                                                                              
 or complied with, in all material respects, all agreements or covenants required to be performed 
 by it under the Asset Purchase Agreement and the other related documents to which we are         
 a party;