Company: SONM
Filing Date: 2025-09-09
Form Type: PRE 14A
Source: 0001493152-25-012903
Chunk: 20

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-09
Form: PRE 14A
Chunk 20
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 be determined in the
sole discretion of our board within the parameters described), we will file the Reverse Split Amendment with the Secretary of State of
the State of Delaware, reflecting such Reverse Stock Split ratio determined by the board. The Reverse Stock Split will become effective
at the time and on the date of filing of, or at such later time as is specified in the Reverse Split Amendment, which we refer to as
the “effective time” and the “effective date,” respectively. The effective time of the Reverse Split Amendment
and the Reverse Stock Split shall be determined in the sole discretion of our board and in accordance with applicable law. The text of
the Reverse Split Amendment is subject to modifications to include such changes as may be required by the office of the Secretary of
State of the State of Delaware and as the board deems necessary and advisable to effect the Reverse Stock Split.

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Registered holders of common stock

Certain of our registered
stockholders hold some or all of their shares electronically in book-entry form with our transfer agent. These stockholders do not hold
physical certificates evidencing their ownership of our common stock. However, they are provided with a statement reflecting the number
of shares of our common stock registered in their accounts. If a stockholder holds shares of common stock in book-entry form with our
transfer agent, no action needs to be taken to receive post-Reverse Stock Split shares. As soon as practicable after the effective time
of the Reverse Stock Split, the Company’s transfer agent will send to your registered address a statement of ownership indicating
the number of post-Reverse Stock Split shares of common stock you hold, together with any ancillary documents, to the extent applicable.
If applicable, a check representing a cash payment in lieu of fractional shares will also be mailed to your registered address as soon
as practicable after the effective time of the Reverse Stock Split.

Beneficial owners of common stock

Upon the Reverse
Stock Split, we intend to treat stockholders holding our common stock in “street name,” through a bank, broker, or other
nominee, in the same manner as registered stockholders whose shares are registered in their names. Brokers, banks, or other nominees
will be instructed to process a reverse stock split for their beneficial holders holding our common stock in “street name.”
However, these banks, brokers, or other nominees may have different procedures than registered stockholders for processing a reverse
stock split and making payment for fractional shares. If you hold your shares with a