Company: SONM
Filing Date: 2025-09-19
Form Type: DEF 14A
Source: 0001493152-25-014244
Chunk: 15

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-19
Form: DEF 14A
Chunk 15
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 percentage of the total transaction  
 value, tend to be higher for such low-priced stocks; and                                          |
| ● | expand                                                                                            
 our options in connection with the strategic alternatives process and continuation of our         
 business following the disposition of our legacy business pursuant to an asset purchase agreement 
 entered into on July 17, 2025.                                                                    |

In evaluating whether to effect the Reverse Stock Split, our board has taken, and will take, into consideration negative factors associated with reverse stock splits. These factors are delineated under the heading “ Certain risks associated with the Reverse Stock Split.” In approving and recommending the Reverse Stock Split Proposal, our board determined that these potentially negative factors were significantly outweighed by the potential benefits.

Although we expect that the Reverse
Stock Split will increase the market price of our common stock as a result of having fewer outstanding shares, the Reverse Stock Split
may not result in a permanent increase in the market price of our common stock, which will continue to be dependent on many factors,
including general economic, market, and industry conditions and other factors detailed from time to time in the reports we file with
the SEC. In addition, there can be no assurance that our common stock will not be delisted due to a failure to meet other continued listing
requirements of Nasdaq even if the market price per post-split share of our common stock remains in excess of $1.00.

Determination of the Reverse Stock Split ratio

If our stockholders approve the Reverse
Stock Split Proposal, our board will be authorized to proceed with the Reverse Stock Split. The exact ratio of the Reverse Stock Split,
within the 1-for-2 to 1-for-30 range, would be determined by our board in its sole and absolute discretion and publicly announced by
us prior to the effective time of the Reverse Stock Split. In determining whether to proceed with the Reverse Stock Split and setting
the appropriate ratio for the Reverse Stock Split, our board will consider, among other things, factors such as:

| ● | the                                                                                                
 historical trading prices and trading volume of our common stock;                                  |
| ● | the                                                                                                
 number of shares of our common stock outstanding;                                                  |
| ● | the                                                                                                
 then-prevailing and expected trading prices and trading volume of our common stock and the         
 anticipated impact of the Reverse Stock Split on the trading market for our common stock;          |
| ● | our                                                                                                
 ability to maintain our listing on the Nasdaq Capital Market;                                      |
| ● | the                                                                                                
 anticipated impact of a particular ratio