Company: SONM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001493152-25-020310
Chunk: 130

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1A
Chunk 130
---
 may have an interest in acquiring all or a significant
part of our business from considering or proposing that acquisition, even if such third party were prepared to pay consideration with
a higher value than the value of the consideration in the Asset Purchase Agreement.

We
may face litigation filed against us over the Asset Purchase Agreement, an RTO, or an alternative transaction.

Currently,
the Company is not aware of any complaints filed or litigation pending related to the Asset Purchase Agreement. However, litigation is
a common occurrence in connection with transactions similar to the proposed transaction, so we face potential for litigation or other
disputes that relate to the Asset Purchase Agreement, an RTO, or an alternative transaction, including claims related to our process
or disclosures and investigatory demands under Delaware law. We can provide no assurance that such litigation, disputes, or demands will
not arise in the future. Any such litigation, disputes, or demands, whether successful or not, could delay the closing of the Asset Purchase
Agreement, an RTO, or an alternative transaction, or could have a material adverse effect on our business, results of operations, and
financial condition.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.

The
following sets forth information regarding unregistered equity securities sold during the three months ended September 30, 2025, not
otherwise disclosed in the Company’s Current Reports on Form 8-K:

    Date of
                                                                                Sale
     
    Description
    of Securities and Consideration
     
    Exemption
    from
    Registration
     
    Underwriters
    and
    Other
    Purchasers

    September
    3, 2025
     
    2,390
    shares of common stock in consideration of the exchange of $25,000 of the original principal amount of the $3,300,000 promissory
    note issued on February 21, 2025. The exchange was effected at the “Minimum Price” as defined in Nasdaq Listing Rule
    5635(d)
     
    Section
    3(a)(9) of the Securities Act
     
    Streeterville
    Capital, LLC

    September
    17, 2025
     
    12,475
    shares of common stock in consideration of the exchange of $150,000 of the original principal amount of the $3,300,000 promissory
    note issued on February 21,