Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 104

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 104
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 the Post-Closing Cash will align with the currently disclosed expectations,
or that the Company will be able to utilize all of its NOLs before they expire. Our board will conduct a careful process, and there is
no set timeframe for completing the exploration of alternatives.

The Asset Sale will not alter the rights, privileges or nature of the issued and outstanding shares of our common stock. A stockholder who owns shares of our common stock immediately prior to the closing of the Asset Sale will continue to hold the same number of shares immediately following the closing of the Asset Sale.

SEC Reporting

Our SEC reporting obligations as a public company
will not be affected as a result of completing the Asset Sale.

Regulatory Approvals

No federal or state regulatory requirements must
be complied with or approval must be obtained in connection with the Asset Sale.

<div align='center'>ASSET PURCHASE AGREEMENT</div>

The following discussion sets forth the principal terms of the Asset Purchase Agreement, a copy of which is attached as Annex Aand Annex B to this proxy statement and is incorporated herein by reference. The rights and obligations of the parties are governed by the express terms and conditions of the Asset Purchase Agreement and not by this discussion, which is a summary in nature. This discussion is not complete and is qualified in its entirety by reference to the complete text of the Asset Purchase Agreement. You are encouraged to read the Asset Purchase Agreement carefully and in its entirety, as well as this proxy statement and any annexes thereto, before making any decisions regarding the proposals being brought before the Special Meeting.

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Purchase and Sale of Assets

General

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