Sonim Technologies Inc. held a special meeting of stockholders on December 30, 2025. At the meeting, stockholders approved the sale of substantially all assets of the company and its subsidiaries related to the enterprise 5G solutions business under an asset purchase agreement with Pace Car Acquisition LLC and Social Mobile Technology Holdings LLC. An advisory vote on certain compensation in connection with the asset sale was also approved. A proposal for potential adjournment of the meeting was rendered moot and was not presented.
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: 0001493152-25-029706), on December 31, 2025, and is solely responsible for the information contained therein.
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