Sonim Begins Public Offering of $20M of Stock
Tuesday, June 02, 2020 | Comments

Sonim Technologies commenced an underwritten public offering of $20 million of shares of its common stock. All of the shares of common stock to be sold in the offering will be offered by Sonim.

In addition, Sonim expects to grant the underwriters a 30-day option to purchase up to an additional $3 million of shares of Sonim's common stock on the same terms and conditions. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Sonim went public on the Russell 3000 Index last year.

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