UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 7.01. Regulation FD Disclosure.
On September 14, 2021, Sonim Technologies, Inc. (the “Company”) issued a press release announcing that it intends to effect a one-for-ten reverse split (the “Reverse Stock Split”) of its issued and outstanding common stock, par value $0.001 per share (“Common Stock”), such that, at the effective time of the Reverse Stock Split, every ten (10) issued and outstanding shares of Common Stock will be converted into one (1) share of Common Stock. The Reverse Stock Split is expected to become effective as of 5:00 p.m. Eastern Time on September 15, 2021, and the Common Stock is expected to begin trading on a split-adjusted basis when the market opens on September 16, 2021. At the Company’s annual meeting of stockholders held on September 29, 2020, the Company’s stockholders approved the amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Common Stock at a ratio of not less than one-for-two and not more than one-for-twelve, with such ratio and the implementation and timing of such reverse stock split to be determined by the Company’s Board of Directors in its sole discretion at any time prior to the first anniversary of such annual meeting. The Company’s Board of Directors has now approved the implementation of the Reverse Stock Split.
A copy of the press release is furnished as Exhibit 99.1 to this report. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release issued by Sonim Technologies, Inc. on September 14, 2021 | |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Sonim Technologies, Inc. | ||||||
| Dated: September 14, 2021 | By: | /s/ Robert Tirva | ||||
| Robert Tirva | ||||||
| President, Chief Financial Officer and Chief Operating Officer | ||||||