Sonim Technologies Approves Contingent Retention Bonus for CFO Tied to Asset Sale

Reuters12-05

Sonim Technologies Approves Contingent Retention Bonus for CFO Tied to Asset Sale

Sonim Technologies Inc. has approved a contingent cash retention bonus for Chief Financial Officer Clay Crolius. The bonus is dependent on the successful completion of an asset purchase agreement involving Sonim Technologies, Pace Car Acquisition LLC, and Social Mobile Technology Holdings LLC. The bonus amount will be calculated based on the fair market value of $100,000 worth of assumed restricted stock units (RSUs) as of October 16, 2025, with payment made in cash upon closing of the deal. If the asset purchase agreement is terminated, the bonus will be void. Additionally, Executive Chairman Michael Mulica is entitled to an annual RSU award valued at $50,000, but the company has not issued these RSUs due to an insufficient number of shares available under its equity incentive plan.

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: 0001493152-25-026254), on December 05, 2025, and is solely responsible for the information contained therein.

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The bonus is dependent on the successful completion of an asset purchase agreement involving Sonim Technologies, Pace Car Acquisition LLC, and Social Mobile Technology Holdings LLC. The bonus amount will be calculated based on the fair market value of $100,000 worth of assumed restricted stock units (RSUs) as of October 16, 2025, with payment made in cash upon closing of the deal. If the asset purchase agreement is terminated, the bonus will be void. Additionally, Executive Chairman Michael Mulica is entitled to an annual RSU award valued at $50,000, but the company has not issued these RSUs due to an insufficient number of shares available under its equity incentive plan.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: 0001493152-25-026254), on December 05, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SONM","symbol_name":"Sonim Technologies Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251205:nNDLcbJHl7:1","article_id":"2589976238","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2589976238","pubTimestamp":1764939701,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Sonim Technologies Inc. has approved a contingent cash retention bonus for Chief Financial Officer Clay Crolius. 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The bonus amount will be calculated based on the fair market value of $100,000 worth of assumed restricted stock units (RSUs) as of October 16, 2025, with payment made in cash upon closing of the deal. If the asset purchase agreement is terminated, the bonus will be void. Additionally, Executive Chairman Michael Mulica is entitled to an annual RSU award valued at $50,000, but the company has not issued these RSUs due to an insufficient number of shares available under its equity incentive plan.\n      \n\nDisclaimer: 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. 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