Current Report Filing (8-k)
March 04 2021 - 5:28PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 4, 2021 (February 26, 2021)
Sonim Technologies, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
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001-38907
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94-3336783
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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6836 Bee Cave Road
Building 1, Suite 279
Austin, TX
78746
(Address of principal executive offices and Zip Code)
Registrants telephone number, including area code: (650) 378-8100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2 below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Common Stock, par value $0.001 per share
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SONM
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The Nasdaq Stock Market LLC
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act: ☐
Item 1.01
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Entry into a Material Definitive Agreement.
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On February 26, 2021, Sonim Technologies, Inc. (the Company) entered into a services agreement (the Agreement) with FIH (Hong Kong)
Limited, a Hong Kong-based electronics services provider (FIH) and a subsidiary of Foxconn Technology Group, a Taiwanese multinational electronics contract manufacturer, pursuant to which the Company agreed to contract certain
development and manufacturing operations to FIH. The agreement is for an initial term of three years, which shall automatically be extended for successive and additional terms of one year each unless terminated by either party pursuant to the terms
of the Agreement. The Agreement provides that products shall be manufactured by FIH pursuant to purchase orders submitted by the Company at purchase prices to be agreed upon by the parties.
The foregoing description of the terms of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy
of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 7.01
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Regulation FD Disclosure
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On March 4, 2021, the Company issued a press release announcing its selection of FIH to support the engineering and manufacturing of Sonims next
generation feature phones. A copy of the press release is provided as Exhibit 99.1 to this Current Report.
The information furnished in this Item 7.01,
including Exhibit 99.1, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2)
of the Securities Act of 1933, as amended. The information contained in this Item 7.01 shall not be incorporated by reference into any filing with the Securities and Exchange Commission made by the Company, whether made before or after the date
hereof, regardless of any general incorporation language in such filing.
Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
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Portions of this exhibit (indicated by asterisks) have been redacted in compliance with Regulation S-K Item 601(b)(10)(iv).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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Sonim Technologies, Inc.
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(Registrant)
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Date: March 4, 2021
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By:
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/s/ Robert Tirva
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Robert Tirva
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Chief Financial Officer
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