Sonim Technologies Signs LOI for Reverse Takeover with U.S.-Based AI Factory Provider

June 25, 2025

DENVER, Colo., Jun 25, 2025 (247marketnews.com)- Sonim Technologies (NASDAQ:SONM) signed a non-binding Letter of Intent (LOI) for a proposed reverse takeover (RTO) with a private U.S.-based company specializing in building Nvidia-powered AI factories. The target company is focused on scaling High-Performance Computing-as-a-Service (HPCaaS) through owned and operated data centers with dedicated power generation to meet the explosive growth in artificial intelligence (AI) workloads.

The transaction structure would result in stockholders of the private AI company owning a majority stake in the combined public entity. Sonim shareholders would retain equity valued at $17.5 million in the newly formed company. The private AI firm’s value is estimated to be around $300 million, a figure expected to be validated by a third-party fairness opinion. Post-closing, the combined company would adopt a new name and Nasdaq ticker, while maintaining its public listing.

This transaction follows Sonim’s previously announced agreement to sell substantially all of its operating assets for $15 million, plus a potential earn-out of an additional $5 million.

Mike Mulica, Chair of the Special Committee for Sonim, commented, “This transaction positions Sonim stockholders to benefit from the tremendous growth of the AI revolution and represents a transformational step for Sonim and its stockholders. The RTO structure allows us to align with a forward-thinking partner in the AI and digital transformation space, leveraging their expertise to create a market-leading, technology-driven enterprise. At the same time, the CVR ensures our stockholders benefit from the successful transition of our legacy business.”

About the Target Company:

The target business is a vertically integrated AI infrastructure provider, building out Nvidia GPU-based HPC data centers to deliver scalable compute power for next-gen AI applications. The company plans to deploy thousands of GPUs in 2025, focusing on the emerging utility of the future: “Intelligence as a Service.” By owning its data center assets, the company seeks to lower operational risk while increasing margins and accelerating growth.

Industry Tailwinds:

  • The market for AI-ready HPC capacity is projected to grow at 33% annually through 2030, with AI workloads comprising up to 70% of total demand.
  • AI infrastructure investment is forecast to surpass $200 billion by 2028, driven largely by demand for generative AI and data-intensive cloud applications.
  • From 2024 to 2030, global data center players are expected to invest $1.8 trillion to support this boom, with initiatives like Executive Order 14141 and a $500 billion public-private U.S. venture.

The RTO is subject to the completion of due diligence, regulatory approvals, Sonim stockholder approval, and the closing of Sonim’s legacy business sale.

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