Company: SONM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001493152-25-020310
Chunk: 103

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 103
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For
information regarding our material legal proceedings, see “Note 8 — Commitments and Contingencies” in the accompanying
“Notes to Condensed Consolidated Financial Statements” in this Quarterly Report on Form 10-Q, which information is incorporated
herein by reference.

Item
1A. Risk Factors.

There
are no material changes to the risk factors set forth in Part I, Item 1A, Risk Factors in our Annual Report on Form 10-K for the
year ended December 31, 2024, except as set forth below.

The
risk factor titled “We may become a ‘controlled company’ within the meaning of the applicable rules of Nasdaq and,
as a result, may qualify for exemptions from certain corporate governance requirements. If we rely on these exemptions, our stockholders
will not have the same protections afforded to stockholders of companies that are subject to such requirements” is deleted
in its entirety.

The
risk factor titled “Changes in U.S. trade policy, including the imposition of tariffs and restrictions and the resulting consequences,
may have a material adverse impact on our business, operating results, and financial condition” is amended and restated as
follows:

Changes
in U.S. trade policy, including the imposition of tariffs and restrictions and the resulting consequences, may have a material adverse
impact on our business, operating results, and financial condition.

We
cannot predict what changes to trade policy will be made, or the economic impact that changes to trade policy will have, including significant
increases in tariffs on goods imported into the United States, particularly tariffs on products manufactured abroad, including China
and other countries, and the length of time such tariffs may remain in place, or whether the entry into new bilateral or multilateral
trade agreements will occur. The U.S. has imposed tariffs on foreign imports into the United States on 180 countries and territories,
which range from 10% to 145%, including, most relevant to us, an additional 145% tariff on all imports from China, provided, that an
exemption was granted to smartphones and certain other items. These tariffs may further increase the cost of our products and could negatively
impact our results of operations. At this time, it remains unclear what additional actions, if any, will be taken by the U.S. or other
governments with respect to international trade agreements, the imposition of additional tariffs on goods imported into the U.S., tax
policy related to international commerce, increased export control,