Sonim Technologies Enters €3 Million Factoring Agreement with Tradewind GmbH

Reuters08-13

Sonim Technologies Enters €3 Million Factoring Agreement with Tradewind GmbH

Sonim Technologies Inc. has entered into a new financial agreement with Tradewind GmbH, as disclosed in a recent SEC filing. On August 7, 2025, the company finalized a factoring agreement under which Tradewind will provide receivables factoring services. The agreement allows Tradewind to purchase eligible receivables at a 15% discount with a maximum financing amount set at €3 million. The applicable interest rate is the greater of 4.00% or the EURIBOR plus 3.50%. Additionally, Sonim will incur a late fee of 0.18% for invoices outstanding beyond 95 days and a risk surcharge of 0.06% on a preapproved limit. This agreement marks a significant step in Sonim's financial strategy, enhancing their liquidity management.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sonim Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-023214), on August 12, 2025, and is solely responsible for the information contained therein.

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