M&A - SONIM TECHNOLOGIES INC
Form Type: DEFA14A
Filing Date: 2025-04-03
Corporate Action: Acquisition
Type: New
Accession Number: 000164117225002578
Filing Summary: On April 3, 2025, Sonim Technologies, Inc. confirmed receiving an unsolicited non-binding proposal from Orbic North America, LLC to acquire all outstanding shares of Sonim for $4.00 per share in cash. The proposal is currently under review by a Special Committee of the Board established to evaluate such offers. The committee, consisting of independent directors, is consulting with legal and financial advisors to assess the proposal while considering all available strategic alternatives. Sonim's management emphasizes its commitment to maximizing shareholder value and states there is no guarantee that this evaluation will lead to a transaction. The company has also stated it will refrain from additional comments unless deemed necessary for shareholder interests.
Document Link: View Document
Additional details:
Payment Of Filing Fee: No fee required
Purchase Price Per Share: 4.00
Special Committee: independent directors
Management Statement: The Sonim Board and management team remain fully committed to delivering long-term value for our shareholders.
Companies Involved: Orbic North America, LLC
Geo Location: San Diego, CA
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