Sonim technologies confirms receipt of unsolicited, non-binding proposal from orbic north america, llc

No stockholder action required at this time san diego, california--(newsfile corp. - june 27, 2025) - the special committee of the board of directors (the "special committee") of sonim technologies, inc. (nasdaq: sonm), formed to oversee the company's ongoing strategic alternatives process, today confirmed receipt of an unsolicited, non-binding proposal from orbic north america, llc to acquire substantially all of sonim's operating assets for $25 million. the proposal, dated june 26, 2025, represented that this $25 million offer would not preclude sonim consummating the reverse take over (rto) transaction contemplated in the recently disclosed letter of intent with a private us-based company which is building out nvidia-based high-performance computing (hpc) (see press release dated june 26, 2025, https://ir.sonimtech.com/news-events/press-releases/detail/263/sonim-technologies-signs-letter-of-intent-for-reverse).
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