Sonim technologies to be acquired by social mobile

Transaction valued at $20 million acquisition enhances social mobile's enterprise solutions while expanding its sellable addressable market, creating valuable new revenue opportunities within carrier channels transaction expected to close during q4 2025, subject to closing conditions san diego, california and hollywood, florida--(newsfile corp. - july 18, 2025) - sonim technologies, inc. (nasdaq: sonm) (the "company") and social mobile today announced that they have 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. (c)2025. sonim technologies, inc. to view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/8971/259221_socialmobile_sonim_linkedin_1350x440_july14_v1a.jpg this acquisition aligns with social mobile's strategy to expand its footprint in the purpose-built enterprise mobility market.
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