Sonim Technologies Inc. Announces Private Placement of 1.1 Million Shares and Warrants in $1.375 Million Deal

Reuters
05-16
<a href="https://laohu8.com/S/SONM">Sonim Technologies Inc</a>. Announces Private Placement of 1.1 Million Shares and Warrants in $1.375 Million Deal

Sonim Technologies Inc. has announced a private placement involving the issuance of 1,100,000 shares of its common stock, along with warrants to purchase an additional 550,000 shares. The total purchase price for this transaction is $1,375,000. The company has also entered into a registration rights agreement with the investors, committing to file a registration statement with the SEC for the resale of these shares. The warrants are immediately exercisable at a price of $1.3864 per share and will expire in 2030. Sonim aims to use the proceeds from this transaction for corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sonim Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-011178), on May 16, 2025, and is solely responsible for the information contained therein.

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