Sonim Technologies announced on June 25, 2025, the signing of a non-binding Letter of Intent (LOI) for a proposed reverse takeover (RTO) with a private U.S.-based company. This target company is building Nvidia-based High-Performance Computing (HPC) AI factories.
Under the LOI, Sonim stockholders would retain equity valued at $17.5 million in the combined company, with the target valued at approximately $300 million. The combined entity is expected to adopt a new corporate name and ticker symbol while maintaining its Nasdaq listing.
This transaction, combined with the previously announced asset sale to Social Mobile, is intended to maximize stockholder value and represents a transformational step for Sonim. The move positions Sonim stockholders to benefit from the rapid growth of the AI factory market and 'Intelligence as a Service'.
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