Sonim Technologies (SONM) Prices 7.4M Share offering at $0.75/sh

Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today announced the pricing of a public offering of an aggregate of 7,400,000 shares of its common stock at a public offering price of $0.75 per share. The closing of the offering is expected to occur on or about July 2, 2025, subject to the satisfaction of customary closing conditions.

Roth Capital Partners is acting as the exclusive placement agent for the offering.

The gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be approximately $5.55 million. The Company intends to use the net proceeds from this offering for our operations supporting our overall business strategy as well as working capital and general corporate purposes, which may include the repayment and refinancing of our indebtedness.

The securities described above are being offered pursuant to a registration statement on Form S-1, as amended (File No. 333-288221), which was declared effective by the Securities and Exchange Commission (the "SEC") on June 30, 2025. The offering is being made only by means of a prospectus which forms a part of the effective registration statement. A preliminary prospectus relating to the offering has been filed with the SEC. Electronic copies of the final prospectus, when available, may be obtained on the SEC's website at www.sec.gov and may also be obtained by contacting Roth Capital Partners, LLC at 888 San Clemente Drive, Newport Beach CA 92660, or by phone at (800) 678-9147 or e-mail at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

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