Sonim Technologies Announces Public Offering of Shares

Sonim Technologies ( (SONM) ) has issued an announcement.

On July 1, 2025, Sonim Technologies announced a public offering of 7,400,000 shares of its common stock at $0.75 per share, with Roth Capital Partners serving as the exclusive placement agent. The offering, which closed on July 2, 2024, is expected to generate approximately $4.9 million in net proceeds, intended for business strategy, working capital, and general corporate purposes, including debt repayment and refinancing. This move aims to bolster Sonim’s financial position and support its ongoing business transformation amid challenges such as potential delisting from Nasdaq and competition in the data device sector.

Spark’s Take on SONM Stock

According to Spark, TipRanks’ AI Analyst, SONM is a Underperform.

Sonim Technologies is dealing with significant financial instability, characterized by declining revenues, negative profitability, and a weakened balance sheet. The technical indicators suggest ongoing downward pressure on the stock price, while valuation metrics show a lack of attractiveness due to negative earnings. Immediate improvements in financial performance are necessary to enhance the stock’s prospects.

To see Spark’s full report on SONM stock, click here.

More about Sonim Technologies

Sonim Technologies, Inc. operates in the technology industry, focusing on the development and sale of rugged mobile phones and accessories designed for use in demanding environments. The company targets industries such as public safety, construction, and manufacturing, providing durable communication solutions.

Average Trading Volume: 4,201,110

Technical Sentiment Signal: Sell

Current Market Cap: $7.03M

Find detailed analytics on SONM stock on TipRanks’ Stock Analysis page.