Sonim Technologies Inc. has announced its entry into a non-binding letter of intent for an asset sale to Social Mobile® and a proposed business combination involving its public company shell. The company disclosed that the Reverse Take-Over would result in the stockholders of the undisclosed company owning a majority stake in the combined entity. However, Sonim has not provided detailed specifics on how these transactions will benefit stockholders. The announcement confirms that current Sonim stockholders will retain a minority interest in the company following the completion of the Reverse Take-Over. Further details and metrics regarding the transactions' impact on stockholder value have yet to be released by Sonim Technologies Inc.
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