Sonim Prices Public Offering at 75 Cents Per Share
Friday, June 05, 2020 | Comments

Sonim Technology announced the pricing of its underwritten public offering of 32 million shares of its common stock at a price to the public of 75 cents per share. The aggregate gross proceeds to Sonim from the offering are expected to be about $24 million, before deducting underwriting discounts and commissions and offering expenses.

All of the shares of common stock are offered by Sonim. In addition, Sonim granted the underwriters a 30-day option to purchase up to an additional 4.8 million shares of Sonim's common stock on the same terms and conditions. The offering is expected to close June 9, subject to customary closing conditions.

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