Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 55

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 55
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7 Coolidge Street,
Hollywood, FL 33020. The telephone number of the Buyer’s principal executive offices is (786) 657-3080.

Parent

Founded in 2011, Social Mobile maintains offices,
warehouses, and facilities around the world, in addition to its head office in Hollywood, Florida. The Parent is an IoT design firm that
specializes in developing custom devices for the world’s biggest companies in all industries, including healthcare, transportation,
retail, and defense.

Buyer and Parent are affiliates of MW International
Ventures LLC, formerly doing business as Social Mobile as of October 16, 2025, now doing business as NEXA.

The Parent’s address is 2057 Coolidge Street,
Hollywood, Florida 33020. The telephone number of the Parent’s principal executive offices is (786) 657-3080.

General Description of the Asset Sale

We have entered into the Asset Purchase Agreement
with the Buyer and the Parent that provides, among other things, that we will sell substantially all of our assets and the assets of
our subsidiaries related to the Sonim enterprise 5G solutions business, including rugged handsets, smartphones, wireless internet devices,
software, services, and accessories (collectively, the “Legacy Business”) other than the excluded assets, as discussed below,
to the Buyer, and the Buyer will acquire those assets and assume substantially all of our liabilities as specified in the Asset Purchase
Agreement.

The parties’ respective obligations to consummate
the transactions contemplated by the Asset Purchase Agreement are subject to the satisfaction or waiver of the conditions set forth therein,
including the approval of the Asset Purchase Agreement, the Asset Sale, and the other transactions contemplated by the Asset Purchase
Agreement by the holders of a majority of the outstanding shares of our common stock entitled to vote thereon at the Special Meeting.

For more information on the above, including a
description of “excluded assets” and “excluded liabilities,” please see “Asset Purchase Agreement — Purchase and Sale of Assets” and “Asset Purchase Agreement — Assumption and Transfer of Liabilities”
beginning on pages 71 and 73, respectively.

Consideration for the Asset Sale

As consideration for the Asset Sale, the Buyer
will:

| ● | assume certain of our liabilities as specified in the Asset 
 Purchase Agreement;                                         |

| ● | pay us a purchase price equal to $15 million in cash, subject to                          
 customary working capital, indebtedness, and transaction expense adjustments (