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Sonim Technologies, Inc. (NASDAQ:SONM) (the "Company") and Social Mobile today announced that they have entered into a definitive agreement under which Social Mobile will acquire the assets and substantially all current liabilities of Sonim Technologies at $20 million including a $5 million potential earn-out in an all-cash transaction.
This acquisition aligns with Social Mobile's strategy to expand its footprint in the purpose-built enterprise mobility market. Sonim's expertise in mission-critical mobile solutions complements Social Mobile's custom enterprise mobility offerings, creating a powerful synergy to deliver innovative, secure, and scalable solutions for customers worldwide.
The agreement is approved by Sonim's Board of Directors. The transaction is expected to close in Q4 2025, subject to customary closing conditions, including shareholder and regulatory approvals.
Posted In: SONM
