Company: SONM
Filing Date: 2025-06-24
Form Type: DEFN14A
Source: 0001213900-25-057305
Chunk: 11

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-24
Form: DEFN14A
Chunk 11
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 and 952,381shares of Common Stock were issued to Peter Liu, Chief Executive Officer of the Company, as designated by AJP pursuant to the Subscription Agreement. •On July13, 2022, in connection with the transactions contemplated by the Subscription Agreement, Jeffrey Wang was appointed as a member of the Sonim Board of Directors. •On July13, 2022, Sonim and AJP entered into: (1) a registration rights agreement, pursuant to which the Company agreed (among other things), within 30 days of the second closing, to file with the SEC a registration statement to register the resale of all registrable securities held by AJP; and (2) a support agreement, whereby AJP agreed, among other things, to vote its shares of Common Stock in favor of the election of Michael Mulica and Alan Howe as directors of the Company. •On July13, 2022, AJP filed a Schedule 13D with the SEC disclosing its ownership of 13,928,571shares of Common Stock. •On August8, 2022, Sonim and AJP consummated the second closing pursuant to the terms and conditions of the Subscription Agreement, whereby the Company issued and sold 5,952,381shares of Common Stock for the aggregate purchase price of $5,000,000 or $0.84 per share. The entirety of the purchase price was paid by AJP. Following Sonim’s Board approval of an assignment of the right to receive Common Stock under the Subscription Agreement, the Company issued 208,750shares of Common Stock to each of two non -affiliatedassignees of AJP, and 5,534,881shares of Common Stock to AJP. •On October25, 2022, AJP filed Amendment No. 1 to Schedule 13D with the SEC disclosing its ownership of a total of 19,463,452. •On July17, 2024, Sonim effected a 1 -for-10reverse stock split of its issued and outstanding Common Stock. Following the occurrence of the July 2024 reverse stock split, AJP beneficially owned 1,946,345shares of Common Stock. •On January10, 2025, Orbic entered into a non -bindingpreliminary summary of terms and conditions with AJP (the “ AJP LOI”), pursuant to which Orbic indicated its intent to purchase from AJP 973,173shares of Common Stock that AJP acquired in