Company: SONM
Filing Date: 2025-09-29
Form Type: S-1
Source: 0001493152-25-016055
Chunk: 21

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: S-1
Chunk 21
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 13(d) of the Exchange Act and Rule 13d-3 promulgated thereunder),          
 would result in the beneficial ownership by Chardan of more than the Beneficial Ownership Limitation; and                        |

| ● | a                                                                                                                                
 number of shares of Common Stock which would result in the total aggregate VWAP Purchase Price to be paid by Chardan in any VWAP 
 Purchase, together with, if applicable, any Intraday VWAP Purchase, made on one Purchase Date, to exceed $1,000,000; and         |

| ● | a                                                                                                                                  
 number of shares of Common Stock equal to (a) the VWAP Purchase Share Percentage (as defined in the Purchase Agreement) multiplied 
 by (b) the total number (or volume) of shares of Common Stock traded on the Principal Market (or successor Principal Market)       
 during the applicable VWAP Purchase Period or Intraday VWAP Purchase Period on the applicable VWAP Purchase Date for such          
 VWAP Purchase or Intraday VWAP Purchase; and                                                                                       |

| ● | the                                                                                                                          
 VWAP Purchase Share Amount (for a VWAP Purchase) or the Intraday VWAP Purchase Share Amount (for an Intraday VWAP Purchase). |

| 11 |

The per share purchase price for the Common Stock that we elect to sell to Chardan in a VWAP Purchase or Intraday VWAP Purchase pursuant to the Purchase Agreement, if any, will be equal to ninety-six and one-half percent (96.5%) of the VWAP over the applicable period on such VWAP Purchase Date for such VWAP Purchase or Intraday VWAP Purchase (such price, the “VWAP Purchase Price”), subject to certain adjustments.

We define “VWAP” as, for the Common Stock for a specified period, the dollar volume-weighted average price for the Common Stock on the Principal Market, for such period, as reported by Bloomberg through its “VWAP” function. All such determinations shall be appropriately adjusted for any sales of shares of Common Stock through Block (as defined in the Purchase Agreement) transactions and adjusted for any reorganization, non-cash dividend, stock split, reverse stock split, stock combination, recapitalization or other similar transaction during such period. There is no upper limit on the price per share that Chardan could be obligated to pay for Common Stock we elect to sell to Chardan in any VWAP Purchase or Intraday VWAP Purchase under the Purchase