Sonim Technologies, Inc.'s Special Committee of the Board of Directors confirmed on June 27, 2025, the receipt of an unsolicited, non-binding proposal from Orbic North America, LLC. The proposal offered to acquire substantially all of Sonim's operating assets for $25 million.
Orbic's proposal, dated June 26, 2025, stated that this offer would not preclude Sonim from consummating the Reverse Take Over (RTO) transaction. The RTO is contemplated in the recently disclosed letter of intent with a private U.S.-based company building AI factories.
The Special Committee will evaluate this proposal in consultation with its legal and financial advisors. This confirmation indicates that Sonim is formally considering Orbic's higher offer as part of its ongoing strategic alternatives process.
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