Sonim Technologies, Inc. (NASDAQ: SONM) (the “Company”) and Social Mobile today announced that they have entered into a definitive agreement under which Social Mobile will acquire the assets and substantially all current liabilities of Sonim Technologies at $20 million including a $5 million potential earn-out in an all-cash transaction. 

This acquisition aligns with Social Mobile’s strategy to expand its footprint in the purpose-built enterprise mobility market. Sonim’s expertise in mission-critical mobile solutions complements Social Mobile’s custom enterprise mobility offerings, creating a powerful synergy to deliver innovative, secure, and scalable solutions for customers worldwide.

The agreement is approved by Sonim’s Board of Directors. The transaction is expected to close in Q4 2025, subject to customary closing conditions, including shareholder and regulatory approvals.

Robert Morcos, CEO of Social Mobile said – “We are thrilled about the synergies this acquisition creates and the potential it unlocks for both organizations. By combining Social Mobile’s resources and expertise with Sonim’s strong foundation, we are well-positioned to grow the brand and deliver even greater value to Sonim’s customers. Together, we will expand product portfolios, enhance service capabilities, and drive innovation to meet the evolving needs of our customers and stakeholders.” 

Mike Mulica, Chair of the Board of Directors and Special Committee at Sonim said – “This acquisition of Sonim’s assets by Social Mobile represents a pivotal step in returning value to our shareholders while ensuring the long-term success of Sonim. Social Mobile’s strong and favorable reputation among our carrier customers, combined with their proven expertise in enterprise mobility, was a key factor in our decision to move forward with this transaction. Their commitment to supporting and growing the Sonim brand, along with the synergies between our organizations, will enhance our ability to serve customers and create meaningful opportunities for all stakeholders involved.”

Roth Capital is serving as financial advisor and Venable, LLC is serving as legal counsel to Sonim Technologies, Inc. Blank Rome, LLP is serving as legal counsel to Social Mobile.