Sonim closes $3.85 million growth capital transaction priced 126% above market

Equity transaction supports accelerated growth via new addressable markets and global expansion san diego, california--(newsfile corp. - april 29, 2024) - sonim technologies, inc. (nasdaq: sonm), a leading provider of mobility solutions that include ultra-rugged and rugged phones, connected devices, consumer durable mobile devices, and accessories designed to provide extra protection for users that demand more durability in their work and everyday lives, today announced that it has closed a growth capital investment of common stock and warrants with a single investor for an aggregate purchase price of $3.85 million. the transaction closed concurrently with the execution of the definitive agreement.
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