Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 358

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 358
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 shares and 203,873 shares, as adjusted for the Reverse Stock Split, respectively. In August 2023, the Board of Directors approved an increase in the number of shares of common stock reserved for future issuance under the 2019 Option Plan by 200,000 shares, as adjusted for the Reverse Stock Split, which was approved by the Company’s stockholders on September 28, 2023. In June 2024, the Board of Directors approved an increase in the number of shares of common stock reserved for future issuance under the 2019 Option Plan by 300,000 shares, as adjusted for the Reverse Stock Split, which was approved by the Company’s stockholders on June 20, 2024.

| F-41 |

Stock-based compensation expense is as follows:

Schedule of Stock Based Compensation Expense

|                            |     |               2024 
 For the Year Ended |       |     | 2023 |       |
|:---------------------------|:----|-------------------:|------:|:----|-----:|------:|
|                            |     |       December 31, |       |     |      |       |
|                            |     |               2024 |       |     | 2023 |       |
| Cost of revenues           |     |                  $ |    59 |     |    $ |    84 |
| Research and development   |     |                    |    51 |     |      |   101 |
| Sales and marketing        |     |                    |   372 |     |      |   377 |
| General and administrative |     |                    | 1,043 |     |      |   934 |
| Stock-based compensation   
 expenses                   |     |                  $ | 1,525 |     |    $ | 1,496 |

During the year ended December 31, 2023, 45,736 shares of common stock, as adjusted for the Reverse Stock Split, were issued under the 2019 Option Plan as payment to consultants for consulting fees and 23,000 shares of common stock, as adjusted for the Reverse Stock Split, were issued outside of the Company’s stock plans as payment to consultants for consulting fees. The aggregate value of shares issued to consultants for consulting fees during the year ended December 31, 2023 was $498 at the time of issuance, $388 of which is included in General and Administrative expenses in the Consolidated Statements of Operations for the year ended December 31,