Sonim Technologies confirmed on April 3, 2025, the receipt of an unsolicited non-binding proposal from Orbic North America, LLC to acquire all outstanding shares for $4.00 per share in cash. This proposal was submitted to the company's Special Committee.
The Special Committee, composed of independent directors, is carefully reviewing and evaluating the proposal in consultation with its legal and financial advisors. The committee is committed to assessing all available strategic alternatives to ensure the best interests of Sonim's shareholders.
Mike Mulica, Chair of the Special Committee, stated that the board and management are committed to delivering long-term value and will diligently evaluate Orbic's offer. There is no assurance that this evaluation process will result in any transaction.
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