Jaeson Schmidt

Martin Yang

Mike Crawford

Zack Silver

- Sonim Technologies, Inc. (SONM) announced that its Board of Directors approved a **1-for-18 reverse stock split**.  **[1178697_0001493152-25-019183_form8-k.htm:0]** 
- The reverse stock split will become effective at **12:01 a.m. Eastern Time on October 27, 2025**.  **[1178697_0001493152-25-019183_ex3-1.htm:0]** **[1178697_0001493152-25-019183_form8-k.htm:1]** 
- The company's common stock is expected to commence trading on a split-adjusted basis on the Nasdaq Capital Market when markets open on **October 27, 2025**, under the existing symbol **"SONM"**.  **[1178697_0001493152-25-019183_form8-k.htm:1]** 
- Stockholders will receive **cash in lieu of fractional shares** based on the closing price on October 20, 2025.  **[1178697_0001493152-25-019183_ex3-1.htm:0]** **[1178697_0001493152-25-019183_form8-k.htm:1]**

Sonim Technologies Announces 1-for-18 Reverse Stock Split

- Sonim Technologies, Inc. received an extension until **December 31, 2025**, to regain compliance with Nasdaq's minimum stockholders' equity requirement of **$2.5 million**.  **[1178697_0001493152-25-018637_form8-k.htm:1]** 
- Stockholders approved an increase in authorized common stock from 100,000,000 to **1,000,000,000** shares, and the Board approved a **1-for-18** reverse stock split, expected to be effective on **October 27, 2025**, to aid Nasdaq compliance.  **[1178697_0001493152-25-018637_form8-k.htm:5]** **[1178697_0001493152-25-018637_form8-k.htm:6]** **[1178697_0001493152-25-018637_ex3-1.htm:0]** **[1178697_0001493152-25-018637_form8-k.htm:7]** 
- **Michael Mulica** was appointed **Executive Chairman of the Board** effective **October 16, 2025**, with an annual base salary of **$300,000** and equity awards including an annual RSU grant of **$250,000** and an Asset Purchase Award of **$500,000** in RSUs.  **[1178697_0001493152-25-018637_form8-k.htm:2]** **[1178697_0001493152-25-018637_form8-k.htm:3]** 
- Stockholders did **not approve** an amendment to the 2019 Equity Incentive Plan to increase the aggregate number of shares authorized for issuance by 1,000,000 shares.  **[1178697_0001493152-25-018637_form8-k.htm:6]**

Sonim Technologies Announces Nasdaq Compliance Extension, Reverse Stock Split, Authorized Share Increase, and Executive Appointment

- Sonim Technologies, Inc. (SONM) entered into a ChEF Purchase Agreement with Chardan Capital Markets LLC on **September 29, 2025**, allowing the company to sell up to **$500,000,000** in aggregate gross purchase price of newly issued shares of common stock to the investor.  **[1178697_0001493152-25-015997_ex10-1.htm:0]** 
- Under the terms of the agreement, Chardan Capital Markets LLC is obligated to purchase shares from the company upon the delivery of VWAP Purchase Notices or Intraday VWAP Purchase Notices.  **[1178697_0001493152-25-015997_ex10-1.htm:0]** 
- The Purchase Agreement has a maximum commitment of **$500,000,000** and can be terminated by Sonim Technologies at any time after Commencement with **ten (10) trading days' prior written notice**, at no cost or penalty.  **[1178697_0001493152-25-015997_ex10-1.htm:0]** **[1178697_0001493152-25-015997_form8-k.htm:4]** 
- Sonim Technologies acknowledges that the issuance of shares under this agreement could cause **dilution to existing stockholders** and significantly increase the outstanding number of common stock shares.  **[1178697_0001493152-25-015997_ex10-1.htm:36]**

Sonim Technologies Enters $500 Million Equity Purchase Agreement with Chardan Capital Markets

- Sonim Technologies, Inc. (SONM) received a **Nasdaq deficiency letter** on **August 22, 2025**, indicating non-compliance with continued listing requirements.  **[1178697_0001641172-25-025693_form8-k.htm:1]** 
- The company's **stockholders' equity** was **$1,334,000** as of **June 30, 2025**, which is below the Nasdaq Capital Market's required **$2.5 million** minimum.  **[1178697_0001641172-25-025693_form8-k.htm:1]** 
- SONM also did not meet alternative listing standards of **$35.0 million** in market value of listed securities or **$0.5 million** in net income from continuing operations.  **[1178697_0001641172-25-025693_form8-k.htm:1]** 
- The company has **45 calendar days**, until **October 6, 2025**, to submit a plan to regain compliance, with a potential extension of up to **180 calendar days** if the plan is accepted.  **[1178697_0001641172-25-025693_form8-k.htm:1]**

SONIM TECHNOLOGIES (SONM)