Orbic North America, LLC has submitted a revised acquisition proposal to Sonim Technologies, Inc. In its non-binding proposal, Orbic offered to acquire substantially all of Sonim's assets for a cash purchase price of $25 million, translating to $2.418 per share. This proposal is supported by a $50 million financing commitment from a third-party lender. Orbic is prepared to conduct due diligence and negotiate a definitive asset purchase agreement. The offer allows Sonim to continue with a separate Reverse Take-Over transaction. Orbic, along with AJP Holding Company, LLC, holds approximately 19% of Sonim's outstanding common stock. The full proposal and financing details are available on the SEC's website.
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