Sonim Technologies Inc. Receives Nasdaq Deficiency Notice for Failing to Meet Listing Requirements

Reuters08-28
<a href="https://laohu8.com/S/SONM">Sonim Technologies Inc</a>. Receives Nasdaq Deficiency Notice for Failing to Meet Listing Requirements

Sonim Technologies Inc. has announced receiving a deficiency letter from The Nasdaq Stock Market LLC, indicating that the company failed to meet the continued listing requirements for the Nasdaq Capital Market. As reported in their June 30, 2025 quarterly report, Sonim's stockholders' equity was $1,334,000, falling short of the required $2.5 million. Additionally, the company did not meet alternative criteria related to market value or net income. While this notice does not immediately affect Sonim's listing or trading under the symbol "SONM," the company has until October 6, 2025, to submit a compliance plan. If accepted, they may be granted an extension of up to 180 days to meet the necessary standards. Failure to comply could result in delisting, though Sonim can appeal any unfavorable decisions.

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