Item 7.01. Regulation FD Disclosure.
On September 14, 2021, Sonim Technologies, Inc. (the "Company") issued a press
release announcing that it intends to effect a one-for-ten reverse split (the
"Reverse Stock Split") of its issued and outstanding common stock, par value
$0.001 per share ("Common Stock"), such that, at the effective time of the
Reverse Stock Split, every ten (10) issued and outstanding shares of Common
Stock will be converted into one (1) share of Common Stock. The Reverse Stock
Split is expected to become effective as of 5:00 p.m. Eastern Time on
September 15, 2021, and the Common Stock is expected to begin trading on a
split-adjusted basis when the market opens on September 16, 2021. At the
Company's annual meeting of stockholders held on September 29, 2020, the
Company's stockholders approved the amendment to the Company's Amended and
Restated Certificate of Incorporation to effect a reverse stock split of the
Common Stock at a ratio of not less than one-for-two and not more than
one-for-twelve, with such ratio and the implementation and timing of such
reverse stock split to be determined by the Company's Board of Directors in its
sole discretion at any time prior to the first anniversary of such annual
meeting. The Company's Board of Directors has now approved the implementation of
the Reverse Stock Split.
A copy of the press release is furnished as Exhibit 99.1 to this report. The
information in this Item 7.01, including Exhibit 99.1, shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, and is not incorporated by reference into any filing of the Company,
whether made before or after the date hereof, regardless of any general
incorporation language in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release issued by Sonim Technologies, Inc. on
September 14, 2021
104 Cover Page Interactive Data File (embedded within the inline XBRL
document).
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