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Sonim Technologies, Inc. (NASDAQ:SONM), currently trading at $0.70 and down 78% over the past year, will implement a 1-for-18 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on October 27, 2025. The micro-cap company, with a market value of $12.47 million, announced the move in a statement based on a recent SEC filing. According to InvestingPro analysis, the stock appears undervalued at current levels, though it has shown significant price volatility.
The reverse stock split was approved by Sonim’s board of directors following authorization by shareholders at a special meeting held on October 16, 2025. The board set the final split ratio at 1-for-18, meaning every eighteen shares of Sonim common stock will automatically be combined into one share. The par value per share will remain unchanged. InvestingPro data reveals the company’s overall financial health score is currently rated as WEAK, with particularly concerning metrics in profitability and cash flow management. Get access to 15+ additional ProTips and comprehensive financial metrics with InvestingPro.
No fractional shares will be issued as a result of the reverse split. Instead, any shareholder who would otherwise be entitled to a fractional share will receive a cash payment. The cash amount will be based on the fraction of a share multiplied by the closing price of Sonim’s common stock as reported on the Nasdaq Capital Market on October 20, 2025, the date the certificate of amendment was filed with the Delaware Secretary of State.
Sonim’s common stock is expected to begin trading on a split-adjusted basis when the Nasdaq market opens on October 27, 2025, under the existing trading symbol SONM. The new CUSIP number for the post-split common stock will be 83548F 408.
The reverse stock split was enacted through an amendment to Sonim’s certificate of incorporation, which was filed on October 20, 2025. The company stated that the description of the amendment is qualified in its entirety by reference to the full text of the certificate of amendment, which was included as an exhibit to the SEC filing. Track corporate actions, access real-time financial metrics, and stay ahead of market movements with InvestingPro’s comprehensive suite of investment tools and exclusive insights.
This article is based on a press release statement contained in Sonim Technologies’ recent SEC filing.
In other recent news, Sonim Technologies has unveiled two new devices, expanding its offerings in the rugged mobile phone market. The company announced the release of the XP3plus 5G flip phone on AT&T’s network in the United States. This device is certified for FirstNet, a communication platform for first responders, and boasts a Qualcomm SM4450 5G chipset, a larger display, and a 3000mAh removable battery that allows up to 30 hours of talk time. Additionally, the XP3plus 5G offers 4GB of RAM and 32GB of internal storage, which can be expanded to 512GB. In another development, Sonim launched the XP Pro ultra-rugged smartphone in Canada, available through major carriers like Bell, Telus, Rogers, and SaskTel. The XP Pro is designed for professionals in demanding environments and meets high durability standards, including IP68 and MIL-STD-810H, and is certified for IPX9K water resistance. These new releases highlight Sonim’s focus on providing durable and reliable communication devices for critical use cases.
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