SONIM TECHNOLOGIES INC 8-K

What Happened

• Sonim Technologies, Inc. announced that at a special stockholder meeting on December 30, 2025, holders approved an Asset Purchase Agreement (dated July 17, 2025) to sell substantially all assets related to its enterprise 5G solutions business (the “Legacy Business”). The buyer named in the agreement is Pace Car Acquisition LLC; Social Mobile Technology Holdings LLC is the parent guarantor and a Seller Representative is named in the agreement. The vote satisfied the quorum and passed the required approvals.

Key Details

• Record date: December 17, 2025; outstanding common shares: 1,488,268.
• Shares represented at the meeting: 886,409 (≈59.6% of outstanding).
• Asset Sale vote tally: For 761,808; Against 124,170; Abstained 431.
• Advisory compensation (non-binding) vote for named executive officer payments related to the Asset Sale: For 646,227; Against 237,271; Abstained 2,911.
• A planned adjournment proposal was rendered moot because the Asset Sale proposal was approved.

Why It Matters

• The approved Asset Purchase Agreement means Sonim is moving forward with selling its enterprise 5G solutions business (rugged handsets, smartphones, wireless internet devices, software, services, and accessories). This is a material corporate transaction that will significantly change the company’s asset base and operations tied to its Legacy Business.
• The advisory vote approved certain executive compensation arrangements related to the transaction, but that advisory vote is non-binding. Investors should review the definitive proxy statement (filed December 5, 2025, and subsequent supplement) and the Asset Purchase Agreement for details on closing conditions, timing, and any disclosed financial terms.