Halper Sadeh Investigates Sonim Technologies Sale for Fairness to Shareholders

Halper Sadeh LLC is investigating the sale of Sonim Technologies to Social Mobile, alleging potential breaches of fiduciary duties and federal securities laws. The investigation focuses on whether Sonim and its board of directors obtained the best possible consideration for shareholders, determined if Social Mobile is underpaying, and disclosed all material information necessary for shareholders to assess the merger consideration.

Halper Sadeh LLC, an investor rights law firm, has initiated an investigation into the proposed acquisition of Sonim Technologies, Inc. (NASDAQ: SONM) by Social Mobile. The investigation focuses on whether the sale is fair to Sonim shareholders, and if the company and its board of directors have complied with federal securities laws and fiduciary duties [2].

The investigation centers on three key issues:
1. Whether Sonim and its board of directors obtained the best possible consideration for shareholders.
2. If Social Mobile is underpaying for Sonim.
3. Whether all material information necessary for shareholders to assess the merger consideration was disclosed [2].

Halper Sadeh encourages Sonim shareholders to contact them for more information about their legal rights and options. The law firm will handle the action on a contingency fee basis, meaning shareholders will not be responsible for out-of-pocket payment of legal fees or expenses [2].

The proposed acquisition, valued at $20 million including a potential $5 million earn-out, comes as Sonim Technologies has been exploring strategic alternatives [3]. The acquisition aims to expand Social Mobile's presence in the purpose-built enterprise mobility market and leverage Sonim's expertise in mission-critical mobile solutions [3].

Sonim Technologies, founded in 1999, specializes in ruggedized mobile solutions. The company has been facing financial challenges, including a weak financial health score and rapid cash burn, making this strategic move particularly significant for its future [3]. The acquisition has been approved by Sonim's Board of Directors, with Roth Capital serving as financial advisor [3].

Recently, Sonim Technologies has been at the center of several significant developments, including a public offering of 7.4 million shares and a reverse takeover proposal with a U.S. company focused on Nvidia-based AI factories [3]. These developments highlight a period of strategic decision-making and financial maneuvering for Sonim Technologies.

References:
[1] https://www.morningstar.com/news/globe-newswire/9495119/robbins-llp-is-investigating-allegations-that-the-officers-and-directors-of-bellring-brands-inc-brbr-violated-securities-laws-and-breached-fiduciary-duties-to-shareholders
[2] https://www.businesswire.com/news/home/20250718156634/en/SONM-Stock-Alert-Halper-Sadeh-LLC-Is-Investigating-Whether-the-Sale-of-Sonim-Technologies-Inc.-Is-Fair-to-Shareholders
[3] https://www.investing.com/news/company-news/social-mobile-to-acquire-sonim-technologies-in-20-million-deal-93CH-4141547
[4] https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3TE14V:0-sonim-technologies-inc-on-july-11-enters-note-purchase-agreement-with-streeterville-capital-llc-sec-filing/