Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 43

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 43
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 There is no guarantee that all closing conditions will
be satisfied (or waived, if permitted by the Asset Purchase Agreement and applicable law). Many of the conditions to consummation of
the Asset Purchase Agreement are not within our control, and we cannot predict when or if these conditions will be satisfied (or waived,
if permitted by the Asset Purchase Agreement and applicable law). Difficulties in otherwise satisfying the conditions may prevent, delay,
or otherwise materially adversely affect the consummation of the Asset Sale.

If an event occurs delaying or preventing the
Asset Sale, such delay or failure to complete the Asset Sale may create uncertainty or otherwise have negative consequences, including
requiring the Company to pay to the Buyer an amount equal to the transaction expenses reasonably incurred by the Buyer
and its affiliates, plus a termination fee equal to $1 million, which may materially and adversely affect our sales, financial condition
and results of operations, as well as the price per share for our common stock, and could cause us not to realize some or all of the
benefits that we expect to achieve if the transactions contemplated by the Asset Purchase Agreement are successfully completed within
its expected timeframe. Furthermore, given the Legacy Business’s current negative cash flow, the amount of Post-Closing Cash would
be adversely affected by any delays in closing the Asset Sale.

In the event that the Asset Sale is not consummated, the trading price of our common stock and our future business and results of operations may be negatively affected.

The conditions to the consummation of the Asset
Sale may not be satisfied as noted above. If the Asset Sale is not consummated, we would remain liable for significant transaction costs
and termination fees, and the focus of our management would have been diverted from seeking other potential strategic opportunities,
in each case without realizing any benefits of the Asset Sale.

For these and other reasons, not consummating
the Asset Sale could adversely affect our business and results of operations. Furthermore, if we do not consummate the Asset Sale, the
price of our common stock may decline significantly from the current market price, and you may not recover your investment. Certain costs
associated with the Asset Sale have already been incurred or may be payable even if the Asset Sale is not consummated. Finally, any disruptions
to our business resulting from the announcement and pendency of the Asset Sale, including any adverse changes in our relationships with
our customers, vendors, and employees or recruiting and retention efforts, could accelerate in the event of or continue following