Sonim Technologies announced on February 26, 2025, that it continues to receive and evaluate potential strategic alternatives to maximize stockholder value. The special committee formed on January 22, 2025, is still engaged in this ongoing process.
The company affirmed that, contrary to market rumors, there have been no management discussions between Sonim and Orbic North America, LLC. Sonim has not yet decided on any specific path or transaction, and no transaction has closed.
Sonim also confirmed that it closed additional financing, referring to the $3 million non-dilutive promissory note announced on February 24, 2025. This financing provides the necessary working capital for Sonim to continue scaling its business independently.
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