Company: SONM
Filing Date: 2025-09-19
Form Type: DEF 14A
Source: 0001493152-25-014244
Chunk: 18

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-19
Form: DEF 14A
Chunk 18
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 restricted stock unit awards, and other equity awards issued under the Plans, and the
number of shares reserved for future issuance and all other share limits under the Plans will be reduced by the same ratio as the reduction
in the outstanding shares, in each case rounded down to the nearest whole share. Furthermore, the exercise price of any outstanding options
would be proportionately increased based on the Reverse Stock Split ratio selected by our board, and any fractional cents that may result
therefrom shall be rounded up.

| 11 |

Poison Pill

On April 21, 2025,
following the approval by our board, the Company entered a limited duration stockholder rights agreement, dated as of April 21, 2025
(the “Rights Agreement”), by and between the Company and Equiniti Trust Company, LLC (the “Rights Agent”).

In connection
with the Rights Agreement, the Company declared a dividend of one right (“Right”) to purchase one-thousandth of one share
of the Company’s newly designated Series A Junior Participating Preferred Stock, par value $0.001 per share (each, a “Preferred
Share” and collectively, the “Preferred Shares”), for each outstanding share of the Company’s common stock to
the stockholders of record as of the close of business on May 2, 2025. The Rights Agent currently serves as the Company’s transfer
agent with respect to its common stock and also has been appointed transfer agent with respect to the Preferred Shares, if any, that
may be issued pursuant to the exercise of rights under the Rights Agreement. The Rights will expire on April 21, 2026, unless the rights
are earlier redeemed or exchanged by the Company.

If the Reverse
Stock Split is implemented, then

| (i)   | the                                                                                                    
 number of one one-thousandth of a Preferred Share purchasable after the Reverse Stock Split            
 upon proper exercise of each Right shall be determined by multiplying the number of one one-thousandth 
 of a Preferred Share so purchasable immediately prior to the Reverse Stock Split by a fraction,        
 the numerator of which is the number of shares of our common stock outstanding immediately             
 before the Reverse Stock Split and the denominator of which is the number of shares of our             
 common stock outstanding immediately after the Reverse Stock Split;                                    |
| (ii)  | each                                                                                                   
 share of our common stock outstanding immediately after the Reverse Stock Split shall have             
 issued with respect to it that number of Rights that each share