Sonim Technologies Inc. has announced that it received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement as per Nasdaq Listing Rule 5550(a)(2). The company's stock must maintain a minimum bid price of $1.00 per share. This notice, received on August 13, 2025, does not immediately affect the listing of Sonim Technologies' common stock, which continues to trade under the symbol "SONM." The company has 180 days to regain compliance by achieving a closing bid price of at least $1.00 for ten consecutive business days before February 9, 2026. Options under consideration to address this issue include seeking shareholder approval for a reverse stock split. If compliance is not achieved, Sonim Technologies may be granted an additional 180-day period subject to specific conditions. Failure to comply could lead to delisting, with the company having the right to appeal.
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: 0001641172-25-024038), on August 14, 2025, and is solely responsible for the information contained therein.
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