Sonim Technologies, Inc. announced on July 1, 2025, the pricing of a public offering of 7,400,000 shares of its common stock at $0.75 per share. The closing of the offering was expected to occur on or about July 2, 2025.
The gross proceeds from the offering are expected to be approximately $5.55 million, before deducting placement agent fees and other expenses. The company intends to use the net proceeds for operations, working capital, general corporate purposes, and potential repayment or refinancing of indebtedness.
This equity raise provides additional capital but also results in dilution for existing shareholders due to the issuance of new shares at a price of $0.75 per share.
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