Jaeson Schmidt

Martin Yang

Mike Crawford

Zack Silver

- 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)