Company: SONM
Filing Date: 2025-06-24
Form Type: DEFN14A
Source: 0001213900-25-057305
Chunk: 20

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-24
Form: DEFN14A
Chunk 20
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 Parties believe that the Special Committee’s inherent vagueness leaves stockholders exposed to unnecessary risk without a clear path to value realization. Additionally, Sonim’s Special Committee received an unsolicited offer on June9, 2025, from another potential acquirer, DOOGEE, to acquire all of the Company’s outstanding shares of common stock in a cash offer of $3.60 per share, which the AJP/Orbic Parties believe is a superior transaction to the Proposed Social Mobile ®Transaction. The Special Committee appears to have rushed the evaluation of the Proposed Social Mobile ®Transaction, likely as a result of its unwillingness to engage Orbic in meaningful discussions and to influence this proxy contest, when a more considered approach could have provided Sonim with the opportunity to assess the alternative opportunity. Further, Sonim’s Special Committee’s announcement on June18, 2025, stating that the Special Committee has entered into negotiations for the sale of its public shell, when no agreement has been signed, and providing an estimated valuation for the sale without any specifics. The AJP/Orbic Parties believe that Sonim has failed, to provide stockholders with sufficient details on how the proposed deal will translate into enhanced returns for stockholders. Sonim’s lack of specifics raises concerns that the Special Committee is settling for a suboptimal outcome for its stockholders. Unless there is meaningful change in the management of Sonim, the AJP/Orbic Parties believe that Sonim will continue to underperform and likely engage in a rushed and inadequate sale process that will prevent stockholders from receiving the full potential return on their investment. The AJP/Orbic Nominees are seasoned, industry professionals with the requisite education, skills, experience and appropriate sense of urgency to undertake a strategic assessment of Sonim and evaluate and, if appropriate, implement its strategic alternatives. Although the AJP/Orbic Nominees have not made any commitment to the AJP/Orbic Parties to do so, we believe that the AJP/Orbic Nominees, if elected, will be more attentive to the immediate needs of the Company and will actively engage with Orbic regarding its Revised Acquisition Proposal, which represents a 98.9% premium to the closing stock price of Sonim on May16, 2025, the day on which the AJP/Orbic Parties made the Revised Acquisition Proposal and represents a 42.5% current premium to the closing stock price of Sonim on June20, 2025. Sonim has been quick to