Sonim Technologies Inc. has announced it has entered into a committed equity facility agreement with Chardan Capital Markets LLC. Under the terms of the agreement, Sonim may, at its discretion, sell up to $500 million in newly issued common shares to Chardan over time. The pricing of the shares will be based on the volume weighted average price (VWAP) on the purchase date, less a 3.5% discount. Sonim will control the timing and amount of any share sales, with proceeds to be used at the company's discretion. The agreement also includes a registration rights arrangement, requiring Sonim to register the resale of shares issued under the facility. The sales are subject to certain conditions, including the effectiveness of a resale registration statement.
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: 0001493152-25-015997), on September 29, 2025, and is solely responsible for the information contained therein.
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