Sonim Technologies, Inc. (SONM) entered a merger agreement on July 18, 2025, to be acquired by Social Mobile in a deal valued at $20 million.
As per the merger 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 premium of 44.87% from the stock’s last close.
Sonim is a California-based provider of rugged mobile devices, accessories, and software, serving enterprise, government, and carrier customers across North America and international markets.
Social Mobile is a Florida-based provider of enterprise mobility solutions, specializing in custom Android-based IoT devices and managed services for global clients across healthcare, retail, transportation, and defense.
In January, Sonim formed a special committee to evaluate strategic alternatives, including the sale of the company. The stock was trading at $3.31 before the special committee started discussions with Orbic North America, which had recently offered the company a purchase price of $2.418 per share. The Sonim Board rejected Orbic’s offer, deeming it “inferior”.
The deal is expected to close during the fourth quarter of 2025.
Roth Capital served as financial advisor to Sonim, with Venable providing legal counsel. Legal counsel to Social Mobile was provided by Blank Rome.
Social Mobile is acquiring Sonim at 0.06 times its sales.
For a deeper understanding of this merger and acquisition, please visit the Deal Metrics page at:
Deal Metrics for the acquisition of Sonim Technologies, Inc. (SONM) by Social Mobile
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Editor’s Note: Baranjot Kaur contributed to this article