24/7 Market News Snapshot 25 June, 2025 – Sonim Technologies, Inc. Common Stock (NASDAQ:SONM)

June 25, 2025

DENVER, Colo., 25 June, 2025 (www.247marketnews.com) – (NASDAQ:SONM) are discussed in this article.
Sonim Technologies, Inc. has recently experienced a significant surge in pre-market trading, marking a remarkable increase of 57.5%, with shares reaching $1.764, up from the previous close of $1.120. This surge highlights an impressive trading volume of over 10 million shares, indicating strong investor enthusiasm. The noticeable price movement suggests that market participants are reacting positively, potentially due to favorable developments or promising fundamentals surrounding the company.

In a pivotal strategic move, Sonim has signed a non-binding Letter of Intent (LOI) for a reverse take-over (RTO) with a private firm that specializes in High-Performance Computing (HPC) and Nvidia-based AI factories. This partnership aims to address the rapidly increasing demand for cloud-based AI solutions, setting the stage for considerable growth for both organizations. The LOI outlines a potential business combination that would allow shareholders of the HPC firm to acquire a majority stake in the new entity, facilitating shared value creation.

Mike Mulica, Chair of the Special Committee for Sonim, emphasized the benefits for Sonim stockholders associated with this transformative agreement. He stated, “This RTO structure aligns us with a forward-thinking partner, allowing us to leverage their expertise and positioning ourselves as leaders in the technology-driven market.” The merger is anticipated to result in a combined entity valued at approximately $300 million, with Sonim shareholders retaining equity valued at $17.5 million.

As both companies work towards finalizing this agreement, it is subject to customary conditions and regulatory approvals. With a significant number of GPUs prepared for activation by 2025, this strategic agreement places Sonim on a promising trajectory within an AI market projected to exceed $200 billion in infrastructure spending by 2028. This collaboration not only represents a vital step for Sonim but also reinforces its commitment to innovating in the fields of artificial intelligence and cloud computing.

Related news for (SONM)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.