Company: SONM
Filing Date: 2025-11-12
Form Type: 424B3
Source: 0001493152-25-021905
Chunk: 32

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 424B3
Chunk 32
---
 and as of September 30, 2025, and the year ended December 31, 2024, and the notes thereto, which are incorporated by reference in this proxy statement.

3. Unaudited Pro Forma Adjustments

The following transaction accounting adjustments depict the accounting for the proposed Asset Sale and are based on preliminary estimates that could change materially as additional information is obtained.

I. Unaudited pro forma condensed balance sheet adjustments:

| (A) | Reflects the elimination of historical balances of assets sold and liabilities transferred. |
| (B) | Reflects changes in                                                                         
 cash and cash equivalents related to the pro forma adjustments below:                       |

| Unadjusted purchase price, excluding earn out     |     | $ | 15,000 |   |
| Working Capital Adjustment                        |     |   |  3,326 |   |
| Estimated Indebtedness, excluding                 
 unamortized debt discount and debt issuance costs |     |   | (5,680 | ) |
| Cash owned by foreign subsidiaries sold           |     |   |   (147 | ) |
|                                                   |     | $ | 12,499 |   |

| (C) | Reflects an accrual for estimated                                                                                                 
 additional transaction expenses of $620 (the “Transaction Expenses”), estimated severance expense                                 
 of $2,122 for certain employees following the Asset Sale (the “Severance Payments”), which are expected to be borne               
 by the Company, and an estimated income tax accrual for the tax impact of the pro forma adjustments at the statutory rate of 21%. |
| (D) | Reflects the payment made by the Buyer, on the Seller’s behalf, of the Estimated Indebtedness                                     
 and the accelerated amortization of the related debt discount and debt issuance costs.                                            |
| (E) | Reflects the recognition                                                                                                          
 of a gain of $13,309 (see calculations in Note (I) below) with regard to the Asset Sale, the expense related to the Severance     
 Payments, the expense related to the accelerated amortization of the debt discount and debt issuance costs, and the tax impact    
 of the pro forma adjustments at the noted statutory rate.                                                                         |

II. Unaudited pro forma condensed statement of operations for the nine months ended September 30, 2025 adjustments:

| (F) | Reflects the pro forma                                                                                                                      
 adjustments to eliminate revenues, cost of revenues, research and development, sales and marketing,