Company: SONM
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022821
Chunk: 118

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 4
Chunk 118
---
 alternative acquisition agreement providing for a Superior Proposal,
we will pay the Buyer (i) reimbursement of transaction-related expenses reasonably incurred by the Buyer and its affiliates, and (ii)
a termination fee of $1 million. These provisions could discourage a third party that may have an interest in acquiring all or a significant
part of our business from considering or proposing that acquisition, even if such third party were prepared to pay consideration with
a higher value than the value of the consideration in the Asset Purchase Agreement.

We
may face litigation filed against us over the Asset Purchase Agreement or an RTO.

Currently,
the Company is not aware of any complaints filed or litigation pending related to the Asset Purchase Agreement. However, litigation is
a common occurrence in connection with transactions similar to the proposed transaction, so we face potential for litigation or other
disputes that relate to the Asset Purchase Agreement or an RTO, including claims related to our process or disclosures and investigatory
demands under Delaware law. We can provide no assurance that such litigation, disputes, or demands will not arise in the future. Any
such litigation, disputes, or demands, whether successful or not, could delay the closing of the Asset Purchase Agreement or an RTO,
or could have a material adverse effect on our business, results of operations, and financial condition.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item
3. Defaults Upon Senior Securities.

None.

Item
4. Mine Safety Disclosures.

Not
applicable.

Item
5. Other Information.

None
of our directors or officers adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement (as defined
in Item 408(c) of Regulation S-K) during the quarterly period covered by this report.

35

Item
6. Exhibits.

    Incorporated
    by Reference
  
    Exhibit
    Number
     
    Description
     
    Form
     
    File
    No.
     
    Exhibit
    Number
     
    Filing
    Date

    2.1+#
     
    Asset
    Purchase Agreement dated as of July 17, 2025
     
    8-K
     
    001-38907
     
    2.1
     
    July
    22, 2025

    3.1
     
    Amended
    and Restated Certificate of