Company: SONM
Filing Date: 2025-04-30
Form Type: PRRN14A
Source: 0001213900-25-037151
Chunk: 13

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-30
Form: PRRN14A
Chunk 13
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 to purchase from the Company an aggregate of 20,833,333shares of the Company’s common stock for a purchase price of $0.84 per share, for an aggregate purchase price of $17.5 million. The Subscription Agreement further provided for a change in control of Sonim, appointment of a new Chief Executive Officer, Peter Liu, and appointment of three new independent directors and resignation of two existing directors. •On July13, 2022, Sonim and AJP consummated the first closing pursuant to the terms of the Subscription Agreement, and the Company issued and sold 14,880,952shares of the Common Stock for the aggregate purchase price of $12,500,000 or $0.84 per share. At the first closing, 13,928,571shares of Common Stock were issued to AJP, 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 approving 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,