Company: SONM
Filing Date: 2025-04-18
Form Type: DRS
Source: 0001641172-25-005421
Chunk: 48

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-18
Form: DRS
Chunk 48
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 may cause the market price of our securities to drop significantly. The sale of shares of our common stock in the public market or otherwise, including sales pursuant to two effective Form S-3 Registration Statements and prospectuses, dated, respectively, December 1, 2023, (the “AJP Registration Statement”) and September 16, 2024 (the “Liu Registration Statement”) or the perception that such sales could occur, could reduce the prevailing market price of shares of our common stock and increase the volatility of our share price. These sales, or the possibility that these sales may occur, also might make it more difficult for us:

| ● | to                                                                                                 
 sell equity securities in the future at a time and at a price that we deem appropriate; and        |
| ● | to                                                                                                 
 comply with the Nasdaq listing standards with regard to the minimum bid price of our common stock. |

Resales of our common stock may cause the market price of our securities to drop significantly.

As of the filing date of this prospectus:

| ● | shares                                                                                                                                   
 registered by the AJP Registration Statement represent approximately 33% of the outstanding shares of our common stock and approximately 
 51% of our public float; and                                                                                                             |
| ● | shares                                                                                                                                   
 registered by the Liu Registration Statement (assuming the exercise of the entirety of the Warrants) represent approximately 10%         
 of the outstanding shares of our common stock and approximately 16% of our public float.                                                 |

Until such time that these registration statements are no longer effective, they will permit the resale of the registered shares. As such, sales of a substantial number of shares of our common stock in the public market could occur at any time.

Our quarterly results may vary significantly from period to period, which could make our future results difficult to predict and could cause our operating results to fall below investor, analyst, or our expectations.

Our quarterly results and, in particular, our revenue, gross margins, operating expenses, operating margins and net income (loss), have historically varied significantly from period to period and may continue to do so in the future. As a result, comparing our operating results on a period-to-period basis may not be meaningful. Our budgeted expense levels are based, in large part, on our expectations of future revenue and the development efforts associated with that future revenue. Due to our smaller scale compared to many of our customers, we are particularly vulnerable to the impacts of changes in these customers’ order forecasts. Consequently, if our revenue