Sonim Technologies Announces Asset Sale of Enterprise 5G Solutions Business

New activity is brewing for Sonim Technologies ( (SONM) ). The company has submitted a Form DEFM14A to the SEC, indicating an upcoming shareholder vote. This form gives shareholders all the information they need to develop an informed vote. Read on to learn more about the proposed company action.TipRanks Cyber Monday Sale Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence. Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off On July 17, 2025, Sonim Technologies entered into an asset purchase agreement with Pace Car Acquisition LLC to sell its enterprise 5G solutions business, including rugged handsets and related products. This strategic move is expected to result in Sonim exiting its Legacy Business, with plans to pursue other strategic transactions post-sale. The company will receive $15 million in cash and potentially up to $5 million in earn-out payments, with an estimated post-closing cash of $4 million to $6 million. The board recommends stockholders approve the asset sale, advisory compensation, and potential adjournments at the upcoming virtual special meeting on December 30, 2025. Spark’s Take on SONM Stock According to Spark, TipRanks’ AI Analyst, SONM is a Underperform. Sonim Technologies is dealing with significant financial instability, characterized by declining revenues, negative profitability, and a weakened balance sheet. The technical indicators suggest ongoing downward pressure on the stock price, while valuation metrics show a lack of attractiveness due to negative earnings. Immediate improvements in financial performance are necessary to enhance the stock’s prospects. To see Spark’s full report on SONM stock, click here. More about Sonim Technologies Sonim Technologies, Inc. operates in the telecommunications industry, focusing on enterprise 5G solutions. The company is known for its rugged handsets, smartphones, wireless internet devices, software, services, and accessories, catering primarily to enterprise clients. Average Trading Volume: 61,002 Technical Sentiment Signal: Sell Current Market Cap: $6.36M Find detailed analytics on SONM stock on TipRanks’ Stock Analysis page.