BRIEF-Sonim Technologies Signs LOI For Reverse Takeover With A Full Stack A.I. Factory Provider

Reuters
25 Jun
BRIEF-Sonim Technologies Signs LOI For Reverse Takeover With A Full Stack A.I. Factory Provider

June 25 (Reuters) - Sonim Technologies Inc SONM.O:

  • SONIM TECHNOLOGIES: SIGNS LETTER OF INTENT FOR REVERSE TAKEOVER WITH A FULL STACK A.I. FACTORY PROVIDER

  • SONIM TECHNOLOGIES: CO STOCKHOLDERS WOULD RETAIN EQUITY VALUED AT $17.5 MILLION IN COMBINED CO

  • SONIM TECHNOLOGIES: HPC A.I. FACTORY TARGET WOULD BE VALUED AT ABOUT $300 MILLION

  • SONIM TECHNOLOGIES: UNDER LOI, HPC A.I. FACTORY TARGET STOCKHOLDERS TO OWN MAJORITY IN COMBINED CO

Further company coverage: SONM.O

((Reuters.Briefs@thomsonreuters.com;))

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