Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 17

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 17
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 any time beyond ten 
 business days after receipt of such Alternative Transaction or any public announcement by 
 the party that made the Alternative Transaction proposal;                                 |

| ● | fail to publicly reaffirm                                                            
 our board’s recommendation within five business days of a reasonable written request 
 by Buyer to make such public reaffirmation;                                          |

| ● | make any public statement                                                                
 that would be inconsistent with our board’s recommendation to approve the Asset Purchase 
 Agreement; or                                                                            |

| ● | fail to include our                                                                    
 board’s recommendation to approve the Asset Purchase Agreement in this proxy statement 
 (including when filed with the SEC or disseminated to the Company’s stockholders).     |

Notwithstanding the restrictions described above,
our board may, after consultation with our outside legal counsel, make such disclosures as our board determines in good faith, that the
failure to do so would be inconsistent with the fiduciary duties of our board under applicable law. However, any disclosure that relates
to a competing proposal will be deemed to be a change in recommendation unless our board reaffirms our board’s recommendation to
approve the Asset Sale in such disclosure.

Additionally, the restrictions of a non-solicitation
provision do not extend to any reverse merger transaction that would not affect the Business and would be complementary to and not a
substitute for the transactions contemplated by the Asset Purchase Agreement.

Financing the Asset Sale (see page 79)

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

Expected Timing of the Asset Sale (see page 79)

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.

Conditions to Closing (see page 80)

The completion of the Asset Sale is dependent
upon the satisfaction of a number of conditions, including, among other things:

| ● | receipt of stockholder approval of the Asset Sale Proposal at the 
 Special Meeting or any postponement or adjournment thereof;       |

| ● | the accuracy of the parties’ representations and warranties                                
 in the Asset Purchase Agreement, subject, in certain circumstances, to certain materiality