Company: SONM
Filing Date: 2025-09-29
Form Type: S-1
Source: 0001493152-25-016055
Chunk: 38

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: S-1
Chunk 38
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 Urbach and Mr. Jonas Grossman, are Chardan’s Chairman, Chief Executive           
 Officer and President, respectively, and are each Members and Managers of Chardan Securities LLC, which holds a controlling interest     
 in Chardan. The foregoing should not be construed in and of itself as an admission by any of Mr. Popper, Mr. Urbach or Mr. Grossman      
 as to beneficial ownership of the securities beneficially owned by Chardan.                                                              |

| (2) | Assumes                                                                           
 the sale of all shares of Common Stock being offered pursuant to this prospectus. |

| 23 |

<div align='center'>Description of Capital Stock</div>

The following description of our capital stock is intended as a summary only and therefore is not a complete description of our capital stock. This description is based upon, and is qualified in its entirety by reference to, our amended and restated certificate of incorporation, as amended, our amended and restated bylaws and applicable provisions of Delaware law. You should read our amended and restated certificate of incorporation, as amended, and our amended and restated bylaws, which have been publicly filed with the SEC, for the provisions that are important to you.

General

Our authorized capital stock consists of 100,000,000 shares of common stock and 5,000,000 shares of preferred stock, $0.001 par value per share (“Preferred Stock”), of which 500,000 shares are designated Series A Junior Participating Preferred Stock, par value $0.001 per share (individually, a “Series A Preferred Share” and collectively, the “Series A Preferred Shares”). All other shares of Preferred Stock are undesignated. For a description of the rights of our Series A Preferred Shares, see below under the heading “Stock Purchase Rights-Series A Preferred Share Provisions.”

Common Stock

Voting Rights

Each holder of our common stock is entitled to one vote for each share of common stock held on all matters submitted to a vote of stockholders. Cumulative voting for the election of directors is not provided for in our certificate of incorporation, which means that the holders of a majority of our shares of common stock voted can elect all of the directors then standing for election. The affirmative vote of holders of at least 66 2∕3% of the voting power of all of the then-outstanding shares of capital stock, voting as a single class, is required to amend certain provisions of Certificate of Incorporation, including provisions relating to amending