Sonim Technologies Inc. has announced a private placement involving the issuance of 1,100,000 shares of its common stock, along with warrants to purchase an additional 550,000 shares. The total purchase price for this transaction is $1,375,000. The company has also entered into a registration rights agreement with the investors, committing to file a registration statement with the SEC for the resale of these shares. The warrants are immediately exercisable at a price of $1.3864 per share and will expire in 2030. Sonim aims to use the proceeds from this transaction for corporate purposes.
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