Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 85

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 85
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 million as well as the transaction 
 expenses reasonably incurred by the Buyer and its affiliates if the Asset Purchase Agreement 
 is terminated under certain circumstances, including in connection with the Company’s        
 entry into an Alternative Transaction determined to be a Superior Proposal;                  |

| ● | the risk of disruption                                                           
 to our Legacy Business as a result of the public announcement of the Asset Sale; |

| 56 |

| ● | the fact that, given                                                                        
 the Asset Sale structure, the Company’s stockholders lack the right to demand appraisal     
 of their shares and receive payment of the “fair value” of such shares pursuant             
 to Section 262 of the DGCL if they comply in all respects with Section 262 of the DGCL; and |

| ● | the other factors described                                     
 in “Risk Factors” in this proxy statement beginning on page 24. |

During its consideration of the transaction with
the Buyer, our board was also aware of and considered that the Company’s directors and executive officers may have interests in
the Asset Sale that differ from, or are in addition to, their interests as stockholders of the Company generally, as described in the
section titled “— Interests of our Directors and Executive Officers in the Asset Sale” beginning on page
65.

After taking into account all of the factors set
forth above, as well as others, our board determined that the potentially positive factors outweighed the potentially negative factors.
The foregoing discussion of the factors considered by our board is not intended to be exhaustive, but summarizes the material information
and factors considered by our board in its consideration of the Asset Sale. Our board reached the decision to approve the Asset Purchase
Agreement, the Asset Sale, and the other transactions contemplated by the Asset Purchase Agreement and to recommend that the Company’s
stockholders vote to approve the same, in light of the factors described above and other factors our board determined were appropriate.
In view of the variety of factors and the quality and amount of information considered, our board did not find it practicable to and
did not quantify or otherwise assign relative weights to the specific factors considered in reaching its determination, and individual
members of our board may have given different weights to different factors. Our board conducted an overall review of the factors described
above, including discussions with Company management and the Company’s legal counsel, financial advisors and financial consultants,
and considered the factors overall to be favorable to, and to support, its determinations. It should be noted that this explanation of
the reasoning of our board and