Orbic submits asset purchase proposal to sonim technologies, inc.

Offer to acquire substantially all of sonim's assets for a cash purchase price of $25 million purchase price equates to a price per share of $2.418 hauppauge, new york--(newsfile corp. - june 26, 2025) - orbic north america, llc ("orbic"), an international leader in mobile technology innovation, sent a revised acquisition proposal letter to sonim technologies, inc. (nasdaq: sonm) ("sonim" or the "company"), today in which orbic re-emphasized orbic's interest in negotiating a mutually agreeable transaction with sonim. in its non-binding proposal, orbic proposed to purchase substantially all of sonim's assets for a cash purchase price of $25 million, which equates to a price per share of $2.418.
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