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Sonim Technologies Stockholders Elect All Five Sonim Nominees at 2025 Annual Meeting

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Sonim Technologies (NASDAQ: SONM) announced that shareholders have elected all five of the company's director nominees to its Board of Directors. The elected directors are Mike Mulica, Peter Liu, James Cassano, Jack Steenstra, and George Thangadurai.

This follows the company's recently announced definitive agreement with Social Mobile, where Social Mobile will acquire Sonim's assets and substantially all current liabilities for $20 million in an all-cash transaction, which includes a $5 million potential earn-out. The Board views these developments as validation of their initiatives to enhance stockholder value while ensuring Sonim's long-term success.

Sonim Technologies (NASDAQ: SONM) ha annunciato che gli azionisti hanno eletto tutti e cinque i candidati proposti per il Consiglio di Amministrazione. I direttori eletti sono Mike Mulica, Peter Liu, James Cassano, Jack Steenstra e George Thangadurai.

Questa decisione segue l'accordo definitivo recentemente annunciato con Social Mobile, in cui Social Mobile acquisirà le attività di Sonim e quasi tutte le passività correnti per un importo di 20 milioni di dollari in un'operazione interamente in contanti, che include un potenziale earn-out di 5 milioni di dollari. Il Consiglio ritiene che questi sviluppi confermino le iniziative volte a valorizzare gli azionisti garantendo al contempo il successo a lungo termine di Sonim.

Sonim Technologies (NASDAQ: SONM) anunció que los accionistas eligieron a los cinco candidatos propuestos para la Junta Directiva. Los directores electos son Mike Mulica, Peter Liu, James Cassano, Jack Steenstra y George Thangadurai.

Esto sigue al acuerdo definitivo recientemente anunciado con Social Mobile, mediante el cual Social Mobile adquirirá los activos de Sonim y casi todas las obligaciones actuales por 20 millones de dólares en una transacción totalmente en efectivo, que incluye un posible earn-out de 5 millones de dólares. La Junta considera que estos avances validan sus iniciativas para aumentar el valor para los accionistas, asegurando al mismo tiempo el éxito a largo plazo de Sonim.

Sonim Technologies (NASDAQ: SONM)ëŠ� ì£¼ì£¼ë“¤ì´ íšŒì‚¬ì� ì´ì‚¬ 후보 다섯 ëª� ì „ì›ì� ì´ì‚¬íšŒì— 선출했다ê³� 발표했습니다. ì„ ì¶œë� ì´ì‚¬ëŠ� Mike Mulica, Peter Liu, James Cassano, Jack Steenstra, George Thangadurai입니ë‹�.

ì´ëŠ” 최근 발표ë� Social Mobileê³¼ì˜ ìµœì¢… 계약ì—� 따른 것으ë¡�, Social Mobileì€ Sonimì� ìžì‚°ê³� ëŒ€ë¶€ë¶„ì˜ í˜„ìž¬ 부채를 2,000ë§� 달러 현금 거래ë¡� ì¸ìˆ˜í•˜ë©°, 여기ì—는 500ë§� 달러ì� 잠재ì � 추가 수ìµ(earn-out)ë� í¬í•¨ë©ë‹ˆë‹�. ì´ì‚¬íšŒëŠ” ì´ëŸ¬í•� 발전ì� 주주 가치를 높ì´ê³� Sonimì� 장기ì � 성공ì� 보장하기 위한 ì´ë‹ˆì…”í‹°ë¸Œì˜ ê¸ì •ì � í‰ê°€ë¼ê³  ë³´ê³  있습니다.

Sonim Technologies (NASDAQ : SONM) a annoncé que les actionnaires ont élu les cinq candidats proposés au conseil d'administration. Les administrateurs élus sont Mike Mulica, Peter Liu, James Cassano, Jack Steenstra et George Thangadurai.

Cela fait suite à l'accord définitif récemment annoncé avec Social Mobile, par lequel Social Mobile acquerra les actifs de Sonim ainsi que presque toutes ses dettes actuelles pour 20 millions de dollars dans une transaction entièrement en espèces, incluant un earn-out potentiel de 5 millions de dollars. Le conseil considère ces développements comme une validation de leurs initiatives visant à accroître la valeur pour les actionnaires tout en assurant le succès à long terme de Sonim.

Sonim Technologies (NASDAQ: SONM) gab bekannt, dass die Aktionäre alle fünf vorgeschlagenen Direktoren in den Vorstand gewählt haben. Die gewählten Direktoren sind Mike Mulica, Peter Liu, James Cassano, Jack Steenstra und George Thangadurai.

Dies folgt auf die kürzlich angekündigte endgültige Vereinbarung mit Social Mobile, bei der Social Mobile Sonims Vermögenswerte und nahezu alle aktuellen Verbindlichkeiten für 20 Millionen US-Dollar in einer reinen Bartransaktion übernimmt, einschließlich eines potenziellen Earn-outs von 5 Millionen US-Dollar. Der Vorstand sieht diese Entwicklungen als Bestätigung ihrer Initiativen zur Steigerung des Aktionärswerts bei gleichzeitiger Sicherstellung des langfristigen Erfolgs von Sonim.

Positive
  • All-cash acquisition deal worth $20 million with additional $5 million potential earn-out
  • Unanimous stockholder support for Board nominees indicating strong governance alignment
  • Strategic transaction aimed at returning value to stockholders
Negative
  • Company selling substantially all assets and liabilities, indicating potential operational challenges
  • Future of company operations uncertain post-asset sale

San Diego, California--(Newsfile Corp. - July 22, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today announced that Sonim stockholders have elected all five of the Company's director nominees - Mike Mulica, Peter Liu, James Cassano, Jack Steenstra, and George Thangadurai - to the Company's Board of Directors.

The Board of Directors issued the following statement: "This outcome is further validation of the Sonim Board's initiatives to return value to stockholders while ensuring the long-term success of Sonim - as represented by our agreement with Social Mobile. We thank our stockholders for their continued support throughout this process."

As separately announced on Friday, July 18, 2025, Sonim has entered into a definitive agreement under which Social Mobile will acquire the assets and substantially all current liabilities of Sonim Technologies at $20 million, including a $5 million potential earn-out in an all-cash transaction.

Sonim will file the voting results on a Form 8-K with the U.S. Securities and Exchange Commission.

About Sonim Technologies
Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit .

Additional Information and Where to Find It

This communication relates to the proposed transaction involving Sonim. This communication does not constitute a solicitation of any vote or approval. In connection with the proposed transaction, Sonim plans to file with the SEC a proxy statement (the "Proxy Statement") relating to a special meeting of its stockholders and may file other documents with the SEC relating to the proposed transaction, including a prospectus. This communication is not a substitute for the Proxy Statement or any other document that Sonim may file with the SEC or send to its stockholders in connection with the proposed transaction. Before making any voting decision, stockholders of Sonim are urged to read the Proxy Statement in its entirety when it becomes available and any other relevant documents filed or to be filed with the SEC and any amendments or supplements thereto and any documents incorporated by reference therein, because they will contain important information about the proposed transaction and the parties to the proposed Transaction. Any vote in respect of resolutions to be proposed at a stockholder meeting of Sonim to approve the proposed transaction or related matters, or other responses in relation to the proposed transaction, should be made only on the basis of the information contained in the Proxy Statement. Investors and security holders will be able to obtain the Proxy Statement and other documents Sonim files with the SEC (when available) free of charge at the SEC's website () or at Sonim's investor relations website () or by e-mailing Sonim at [email protected].

Participants in the Solicitation

Sonim and its respective directors, executive officers, and other members of their management and employees, including Peter Liu (Chief Executive Officer and a director), Clay Crolius (Chief Financial Officer), and Sonim's directors - James Cassano, Mike Mulica, Jack Steenstra, and George Thangadurai - under SEC rules, may be deemed to be participants in the solicitation of proxies of Sonim's stockholders in connection with the proposed Transaction.

Stockholders may obtain more detailed information regarding Sonim's directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, under the captions "," "," and "" of Sonim's definitive proxy statement for the 2025 Annual Meeting filed with the SEC on June 18, 2025.

Any subsequent updates following the date hereof to the information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the proposed Transaction, if and when they become available. These documents will be available free of charge as described above.

Media Contact:
Anette Gaven
[email protected]
1-619-993-3058

To view the source version of this press release, please visit

FAQ

What is the value of Social Mobile's acquisition of Sonim Technologies (NASDAQ: SONM)?

Social Mobile will acquire Sonim's assets and substantially all current liabilities for $20 million in an all-cash transaction, with an additional $5 million potential earn-out.

Who are the newly elected Board members of Sonim Technologies (NASDAQ: SONM)?

The elected Board members are Mike Mulica, Peter Liu, James Cassano, Jack Steenstra, and George Thangadurai.

When did Sonim Technologies (NASDAQ: SONM) announce the Social Mobile acquisition agreement?

Sonim announced the definitive agreement with Social Mobile on Friday, July 18, 2025.

How will the Social Mobile acquisition affect Sonim Technologies (NASDAQ: SONM) shareholders?

The acquisition is structured as an all-cash transaction aimed at returning value to stockholders, with the Board stating it supports the company's long-term success.

What regulatory filings will Sonim Technologies (NASDAQ: SONM) make regarding the shareholder vote?

Sonim will file the detailed voting results on a Form 8-K with the U.S. Securities and Exchange Commission.
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Communication Equipment
Telephone & Telegraph Apparatus
United States
SAN DIEGO