PR Newswire: Sonim Completes Second Closing of Growth Equity Transaction

August 09, 2022

Sonim Technologies, Inc., a leading US provider of ultra-rugged mobile devices, accessories, and solutions, announced that it has closed the second tranche of its subscription agreement with US-based AJP Holding Company, LLC. AJP has now purchased US$17.5 million in Sonim equity at a price of US$0.84 per share. The agreement supports Sonim’s news strategy that “will expand from its core market in ultra-rugged mobile devices into the larger and faster growing semi-rugged and industrial 5G markets.” O’Melveny serves as legal advisor to Sonim Technologies. 

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