M&A · Tech · Telephone & Telegraph Apparatus
Social Mobile to acquire Sonim Technologies Inc
Announced Jul 18, 2025 · Closed Jan 23, 2026
Deal value$20MEV $20M
Premium—To unaffected price
EV / Adj. EBITDA—0.4x EV / Revenue
ConsiderationAll cash
Transaction
- Acquirer
- Social Mobile
- Target
- Sonim Technologies Inc (SONM)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- $20M
- Status
- Closed Jan 23, 2026
Deal protections
- Break fee (target pays)
- $1.0M · 5.0%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Roth Capital
Sector context · Tech
- Comparable deals
- 62 in the prior 24 months
- Premium
- Sector median 37.0%
- EV / Adj. EBITDA
- Sector median 16.7x
- Break fee
- 5.0% vs. 3.0% sector median
Timeline
- AnnouncedJul 18, 2025
- Proxy filedNov 24, 2025
- Definitive proxyDec 5, 2025
- Shareholder voteDec 30, 2025
- ClosedJan 23, 2026