Company: SONM
Filing Date: 2025-04-21
Form Type: 8-K
Source: 0001641172-25-005546
Chunk: 2

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-04-21
Form: 8-K
Item: Item 1.01
Chunk 2
---
 the book-entry account system will evidence the Rights, and any transfer of shares of Common Stock will constitute a transfer of Rights.
After the Distribution Date, the Rights will be evidenced by separate book-entry credits. Any Rights held by an Acquiring Person are null
and void and may not be exercised.

Purchase Price

After the Distribution Date, each
Right will entitle the holder to purchase one-thousandth of a Preferred Share for $4.00, subject to adjustment (the “ Purchase Price”).
Each one-thousandth of a Preferred Share has economic terms similar to that of one share of Common Stock. The Purchase Price payable,
and the number of Preferred Shares or other securities or other property issuable upon exercise of the Rights will be subject to adjustment
from time to time to prevent dilution in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Preferred
Shares. The exercise of Rights to purchase Preferred Shares will at all times be subject to the availability of a sufficient number of
authorized but unissued Preferred Shares. Notwithstanding the foregoing, with certain exceptions, no adjustment in the Purchase Price
will be required until cumulative adjustments require an adjustment of at least 1% in the Purchase Price. No fractional Preferred Shares
will be issued (other than fractions which are integral multiples of the number of one one-thousandth of a Preferred Share issuable upon
the exercise of one Right, which may, at the Company’s election, be evidenced by depositary receipts), and in lieu thereof, an adjustment
in cash will be made based on the market price of the Preferred Shares on the last trading day prior to the date of exercise.

Beneficial Ownership

Certain synthetic interests in
securities created by derivative positions - whether or not such interests are considered to be ownership of underlying shares of
Common Stock or are reportable for purposes of Regulation 13D of the Securities Exchange Act of 1934, as amended (the “ Exchange
Act”) - are treated as beneficial ownership of the number of shares of Common Stock equivalent to the economic exposure created
by the derivative position, to the extent actual shares of Common Stock are directly or indirectly held by counterparties to the derivatives
contracts. In addition, shares held by affiliates and associates of an Acquiring Person, including shares that are subject of, or the
reference securities for, or that underline, any derivative position of such persons, will be deemed to be beneficially owned by the Acquiring
Person. Further, any securities beneficial