Sonim Technologies Enters Material Definitive Agreement
Ticker: SONM · Form: 8-K · Filed: Aug 7, 2024 · CIK: 1178697
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
SONIM signs a big deal, details TBD.
AI Summary
On August 6, 2024, Sonim Technologies, Inc. entered into a material definitive agreement. The filing does not provide specific details about the agreement, its terms, or any associated dollar amounts. The company is incorporated in Delaware and its principal executive offices are located in San Diego, California.
Why It Matters
This filing indicates a significant new contract or partnership for Sonim Technologies, which could impact its future revenue and market position.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its impact on Sonim Technologies.
Key Players & Entities
- Sonim Technologies, Inc. (company) — Registrant
- August 6, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 4445 Eastgate Mall, Suite 200, San Diego, CA 92121 (location) — Address of principal executive offices
FAQ
What is the nature of the material definitive agreement entered into by Sonim Technologies?
The filing states that Sonim Technologies, Inc. entered into a material definitive agreement on August 6, 2024, but does not provide specific details about the agreement itself.
When was the material definitive agreement reported?
The earliest event reported, which is the entry into the material definitive agreement, occurred on August 6, 2024.
Where are Sonim Technologies' principal executive offices located?
Sonim Technologies' principal executive offices are located at 4445 Eastgate Mall, Suite 200, San Diego, CA 92121.
In which state is Sonim Technologies incorporated?
Sonim Technologies, Inc. is incorporated in Delaware.
What is the company's IRS Employer Identification Number?
The IRS Employer Identification Number for Sonim Technologies, Inc. is 94-3336783.
Filing Stats: 1,029 words · 4 min read · ~3 pages · Grade level 12.5 · Accepted 2024-08-06 20:52:24
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share SONM The Nasdaq Stock Mar
- $8,943,000 million — ng an aggregate offering price of up to $8,943,000 million in "at the market" offerings through or
Filing Documents
- form8-k.htm (8-K) — 49KB
- ex1-1.htm (EX-1.1) — 278KB
- ex5-1.htm (EX-5.1) — 12KB
- ex5-1_001.jpg (GRAPHIC) — 25KB
- ex5-1_002.jpg (GRAPHIC) — 15KB
- 0001493152-24-030465.txt ( ) — 627KB
- sonm-20240806.xsd (EX-101.SCH) — 3KB
- sonm-20240806_lab.xml (EX-101.LAB) — 33KB
- sonm-20240806_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On August 6, 2024, Sonim Technologies, Inc. (the "Company") entered into a sales agreement (the "Sales Agreement") with Roth Capital Partners, LLC (the "Agent"), under which the Company may, from time to time, sell shares of the Company's common stock having an aggregate offering price of up to $8,943,000 million in "at the market" offerings through or to the Agent, as sales agent or principal. Sales of the shares of common stock, if any, will be made at prevailing market prices at the time of sale, or as otherwise agreed with the Agent. The Agent will receive a commission from the Company of 3.0% of the gross proceeds of any shares of common stock sold under the Sales Agreement. The Company is not obligated to sell, and the Agent is not obligated to buy or sell, any shares of common stock under the Sales Agreement. No assurance can be given that the Company will sell any shares of common stock under the Sales Agreement, or, if it does, as to the price or amount of shares of common stock that it sells or the dates when such sales will take place. In the Sales Agreement, the Company agreed to indemnify the Agent against certain liabilities, including under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, or to contribute to payments that the Agent may be required to make because of such liabilities. The Company and the Agent may each terminate the Sales Agreement at any time upon specified prior written notice. The shares will be issued pursuant to the Company's effective shelf registration statement on Form S-3 (File No. 333-278577), which was originally filed by the Company with the Securities and Exchange Commission (the "SEC") on April 9, 2024 (as so filed and amended, the "Registration Statement"), the base prospectus contained within the Registration Statement, and a prospectus supplement that was filed with the SEC on August 6, 2024 in connection with the o
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SONIM TECHNOLOGIES, INC. Date: August 6, 2024 By: /s/ Clay Crolius Name: Clay Crolius Title: Chief Financial Officer 3