Sonim Technologies announced on June 2, 2025, the signing of a Letter of Intent (LOI) with Social Mobile to sell substantially all of its enterprise 5G solutions business. The transaction is valued at $15 million in cash, with a potential earn-out of up to $5 million.
The Special Committee of Sonim's Board of Directors concluded that this proposed transaction, if consummated, represents a compelling strategic opportunity to maximize value for stockholders. The sale is expected to close in Q4 2025.
Concurrently, Sonim announced its intent to pursue a reverse takeover (RTO) with a private U.S.-based AI factory provider. This dual-track strategy aims to unlock shareholder value through divestiture and a new strategic direction in the burgeoning AI sector.
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