InsideArbitrage Event Driven Monitor – July 21, 2025

Merger Arbitrage

1. SONM: The acquisition of Sonim Technologies, Inc. (SONM) by Social Mobile for a closing value of $20 million. Under the terms of the agreement, 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. The deal value represents a price of $1.13 per share, which is at a 44.87% premium from the stock’s last close. (Press Release)
2. THTX: Theratechnologies (THTX) announced that the special meeting of shareholders will be held on September 12, 2025.
3. STR: Sitio Royalties (STR) filed a definitive proxy statement. The special meeting of shareholders will be held on August 18, 2025.

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

Only plus or premium subscribers can access this post. Subscribe today.