Company: SONM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001493152-25-020310
Chunk: 20

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 20
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ender a first-position security interest in all right, title, interest,
claims and demands of the Company in and to certain property including, but not limited to: all equity in all wholly-owned or partially
owned subsidiaries, all goods and equipment and all inventory, and certain patents, trademarks, and other intellectual property, as more
fully detailed therein.

The
following table presents the components of the net carrying amount of the Notes as of September 30, 2025:

Schedule
of Components of Net Carrying Amount

    Principal 
    $5,680 
  
    Less: unamortized debt discount and debt issuance costs 
     (613)
  
    Long term debt 
    $5,067 
  
    Current portion 
    $4,817 
  
    Long-term portion 
    $250 

The
effective interest rate on the February Note and July Note was approximately 27.8% and 22.7%, respectively, for the period from the date
of issuance through September 30, 2025. The following table sets forth total interest expense recognized related to the Notes:

Schedule of Interest Expense

    Three Months Ended September 30, 2025  
    Nine Months Ended September 30, 2025 
  
    Contractual interest expense 
    $133  
    $239 
  
    Amortization of debt discount 
     108  
     172 
  
    Amortization of debt issuance costs 
     98  
     160 
  
    Interest expense 
    $339  
    $571 

NOTE
5 — Stockholders’ Equity

ChEF
Purchase Agreement

On
September 29, 2025, the Company entered into a ChEF purchase agreement (the “ChEF Agreement”) and registration rights agreement
(the “Registration Rights Agreement”), each with Chardan Capital Markets LLC (“Chardan”) related to a “ChEF,”
Chardan’s committed equity facility.

Pursuant
to the ChEF Agreement, the Company has the right from time to time at its option to sell to Chardan up to the lesser of (i) $500,000
in aggregate gross purchase price of newly issued shares of the Company’s common stock, par value $0.001 per share (the “Common
Stock”), and (ii) the Exchange Cap (as defined in the ChEF Agreement), subject to certain conditions and limitations set forth
in the Purchase Agreement and applicable Nasdaq listing