24/7 Market News Snapshot 16 June, 2025 – Sonim Technologies, Inc. Common Stock (NASDAQ:SONM)

June 16, 2025

DENVER, Colo., 16 June, 2025 (www.247marketnews.com) – (NASDAQ:SONM) are discussed in this article.
Sonim Technologies, Inc. is currently witnessing a notable uptick in market activity, with its stock price soaring to $1.66, representing an extraordinary increase of 78.53% compared to the previous closing price of $0.93. This pre-market surge is accompanied by a trading volume of 2.24 million shares, drawing significant investor interest and signaling potential volatility. The momentum suggests that Sonim is a stock to closely monitor, as it could very well see transformative developments in the near term.

In addition to the impressive market performance, Sonim has confirmed receipt of an unsolicited acquisition proposal from DOOGEE, which has offered to purchase all outstanding shares at $3.60 each in cash. The Special Committee of Sonim’s Board of Directors has acknowledged this interest while also expressing the necessity for further information from DOOGEE to assess the proposal comprehensively. Specific details are required regarding the financing arrangements and the strategic rationale behind the acquisition.

Chairman of the Special Committee, Mike Mulica, underscored the importance of conducting thorough due diligence: “While we welcome the interest from DOOGEE, our priority remains focused on the current exclusive letter of intent (LOI). We hope to advance it toward a definitive agreement that will provide robust value for our stockholders.”

Sonim Technologies has established a strong reputation as a provider of rugged mobile solutions designed for demanding environments, serving a diverse array of sectors, including emergency services and large enterprises.

As this landscape continues to evolve, the Special Committee is dedicated to evaluating the unsolicited proposal while maintaining the company’s focus on maximizing shareholder value. Investors and stakeholders are encouraged to stay tuned for further updates as Sonim strategically navigates these exciting opportunities.

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