Company: SONM
Filing Date: 2025-10-20
Form Type: 8-K
Source: 0001493152-25-018637
Chunk: 5

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-10-20
Form: 8-K
Item: Item 8.01
Chunk 5
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Item 8.01

Other Events.

Reverse
Stock Split

On
October 15, 2025, the Board approved a reverse stock split of Common Stock at a final ratio of 1-for-18 (one-for-eighteen) (the
“ Reverse Stock Split”) subject to the stockholder approval of the Reverse Stock Split. The Reverse Stock Split is
expected to become effective at 12:01 a. m. Eastern Time on October 27, 2025, following the filing of a certificate of amendment to the
Certificate of Incorporation with the Secretary of State of the State of Delaware. The Common Stock is expected to commence trading on
a split-adjusted basis when the markets open on October 27, 2025, under the existing trading symbol “ SONM.” The new CUSIP
number for the Common Stock following the Reverse Stock Split will be 83548F 408. The primary goal of the Reverse Stock Split is to increase
the per share market price of the Common Stock to regain compliance with the minimum bid price requirement for continued listing on the
Nasdaq Capital Market.

No
fractional shares will be issued if, as a result of the Reverse Stock Split, a stockholder would otherwise become entitled to a fractional
share because the number of shares of Common Stock they hold before the Reverse Stock Split is not evenly divisible by the Reverse Stock
Split ratio. If, as a result of the Reverse Stock Split, a stockholder of record would otherwise hold a fractional share, such stockholder
of record will be entitled to receive a cash payment in lieu of such fractional share equal to the fraction of which such stockholder
of record would otherwise be entitled multiplied by the closing price per share of Common Stock as reported by the Nasdaq Capital
Market (as adjusted to give effect to the Reverse Stock Split) on the date the certificate of amendment to the Certificate of
Incorporation to effect the Reverse Stock Split is filed with the Secretary of State of the State of Delaware.

Equiniti
Trust Company, LLC (formerly American Stock Transfer & Trust Company) is acting as the exchange agent and transfer agent for the
Reverse Stock Split. Stockholders holding their shares electronically in book-entry form are not required to take any action to receive
post-split shares. To its best knowledge, the Company does not have any outstanding certificated shares. Stockholders owning shares through
a bank, broker, or other nominee will have their positions adjusted to reflect the Reverse Stock Split