Sonim Technologies Faces Shareholder Activism Ahead of Crucial 2025 Annual Meeting

Reuters
06-19
Sonim Technologies Faces Shareholder Activism Ahead of Crucial 2025 Annual Meeting

Sonim Technologies Inc., a provider of rugged mobile solutions, is currently experiencing shareholder activism ahead of its 2025 Annual Meeting. The meeting, scheduled for July 18, 2025, will be pivotal in determining the company's future direction and affecting stockholder value. The company's Board of Directors is urging stockholders to vote in favor of its qualified director nominees, emphasizing the use of the WHITE proxy card. This comes in response to an unsolicited acquisition attempt by Orbic North America, LLC, which the company claims has been inconsistent and adversarial in its engagement. Sonim's Special Committee has identified potentially superior strategic alternatives to Orbic's proposal. The Board recommends voting for its nominees, including James Cassano, Peter Liu, Mike Mulica, Jack Steenstra, and George Thangadurai, stating that these candidates are independent and committed to the interests of all stockholders. Stockholders are advised to disregard the BLUE proxy card from the Orbic Group.

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 Newsfile (Ref. ID: 256015) on June 18, 2025, and is solely responsible for the information contained therein.

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