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Sonim Technologies shares fall 7.65% intraday after acquisition announcement by Social Mobile.
ByAinvest
Friday, Jul 18, 2025 3:45 pm ET1min read
Sonim Technologies, Inc. dropped 7.65% in intraday trading, following the announcement that the company will be acquired by Social Mobile for $20 million, including a $5 million potential earn-out. The acquisition is expected to close in Q4 2025, subject to closing conditions. Additionally, Halper Sadeh LLC is investigating whether the sale is fair to Sonim shareholders, which may have contributed to the stock's decline.
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