Company: SONM
Filing Date: 2025-07-01
Form Type: 424B4
Source: 0001641172-25-017383
Chunk: 41

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-07-01
Form: 424B4
Chunk 41
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 meet these continued listing requirements, our common stock could be delisted. We have a history of receiving deficiency letters from Nasdaq.

If Nasdaq delists our common stock from trading on its exchange and we are not able to list our common stock on another national securities exchange, we expect our common stock could be quoted on an over-the-counter market. If this were to occur, we could face significant material adverse consequences, including:

| ● | a                                                                                                                                      
 limited availability of market quotations for our common stock;                                                                        |
| ● | reduced                                                                                                                                
 liquidity for our common stock;                                                                                                        |
| ● | a                                                                                                                                      
 determination that our common stock is a “penny stock” which will require brokers trading in our common stock to adhere                
 to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for our securities; |
| ● | negative                                                                                                                               
 publicity;                                                                                                                             |
| ● | a                                                                                                                                      
 limited amount of news and analyst coverage;                                                                                           |
| ● | loss                                                                                                                                   
 of eligibility to register the sale or resale of our securities on Form S-3; and                                                       |
| ● | a                                                                                                                                      
 decreased ability to issue additional securities or obtain additional financing in the future.                                         |

| 27 |

Sales of our common stock under resale registration statements or the perception of such sales in the public market or otherwise could cause the market price for our common stock to decline, even if our business is doing well.

Resales of our common stock may cause the market price of our securities to drop significantly. The sale of shares of our common stock in the public market or otherwise, or the perception that such sales could occur, could reduce the prevailing market price of shares of our common stock and increase the volatility of our share price.

Such sales could occur pursuant to two effective Form S-3 Registration Statements and prospectuses, dated, respectively, December 1, 2023, (the “AJP Registration Statement”) and September 16, 2024 (the “Liu Registration Statement”), as well as pursuant to a Form S-3 Registration Statement we are obligated to file with the SEC on or before July 12, 2025 (the “2025 PIPE Registration Statement”).

These sales, or the possibility that these sales may occur, also might make it more difficult for us:

| ● | to                                                                                                 
 sell equity securities in the future at a time and at a price that we deem appropriate; and        |
| ● | to                                                                                                 
 comply with the