Company: SONM
Filing Date: 2025-05-16
Form Type: 8-K
Source: 0001641172-25-011178
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Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-05-16
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

Subscription Agreements

On May 12, 2025,
Sonim Technologies, Inc. (the “ Company”) entered into subscription agreements (the “ Subscription Agreements”)
with individual investors identified in the Subscription Agreements (individually, the “ Purchaser” and collectively, the
“ Purchasers”), providing for the private placement of an aggregate of (i) 1,100,000 shares of the Company’s common
stock, par value $0.001, (“ Common Stock”) and (ii) warrants to purchase up to 550,000 shares of Common Stock (the “ Warrants”)
for an aggregate purchase price of $1,375,000 (the “ Purchase Price”). The closing of the private placement (the “ Closing”)
occurred contemporaneously with the execution of the Subscription Agreements. The Company incurred a finder fee of $110,000 related to the Closing. The Company intends to use the net proceeds from
the private placement for working capital and general corporate purposes.

The issuance of shares of Common
Stock and Warrants pursuant to the Subscription Agreements was made in reliance upon the exemptions from registration afforded by Section
4(a)(2) of the Securities Act of 1933, as amended, (the “ Securities Act”) or Regulation D promulgated under the Securities
Act. The Company relied on these exemptions from registration based in part on representations made by the Purchasers. The Purchasers
have not acquired these securities with a view to or for sale in connection with any distribution thereof in violation of the Securities
Act, and appropriate legends have been affixed to the securities issued in the transaction.

Warrants

Each Warrant has
an exercise price of $1.3864 per share, is immediately exercisable, will expire on May 12,
2030 (five years from the date of issuance), and is subject to customary adjustments for certain transactions affecting the Company’s
capitalization. The Warrants issued to each Purchaser may not be exercised if the aggregate number of shares of Common Stock beneficially
owned by such Purchaser would exceed the specified beneficial ownership limitation provided therein (which is currently either 4.99%
or 19.99%, depending on the Purchaser, and may be adjusted upon advance notice) immediately after exercise thereof.

Registration Rights Agreement

On May 12, 2025, in connection
with the entry into the Subscription Agreements, the Company entered