0
Wireless

Sonim raises USD 27.6 mln from share offering

Wednesday 10 June 2020 | 10:23 CET | News
Sonim Technologies has closed its offering of 36.8 million shares at USD 0.75 per unit, with gross proceeds going to USD 27.6 million. The company will use the money to repay USD 4.0 million worth of debt with B Riley Principal Investments (BRPI). The rest of BRPI indebtedness will be converted into Sonim shares, also at USD 0.75 per unit.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Sonim Technologies
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Sonim announces departure of directors, reduces board size

Published 28 Sep 2020 15:29 CET | World
Sonim Technologies announced the departure of two directors, Maurice Hochschild and Jeffrey Johnson. As a result of their ...

PTTI to offer Sonim ultra-rugged XP8 smartphone in UK, Ireland

Published 17 Sep 2020 17:11 CET | United Kingdom
Sonim Technologies, provider of rugged mobility products, has announced a partnership with Push To Talk International (PTTI), ...

Sonim sees sequential revenue growth for Q2

Published 12 Jun 2020 11:27 CET | World
Sonim Technologies said that with close of its USD 27.6 million offering marks a "turning point" for the company, which will now ...

Sonim prices USD 24 mln share offering

Published 08 Jun 2020 09:45 CET | World
Sonim Technologies has priced and upsized its planned share offering. The company will be offering 32 million shares at USD 0.75 ...

Sonim launches ultra-rugged rapid deployment kit for portable communication systems

Published 21 May 2020 17:51 CET | World
Sonim Technologies partnered with communications providers, Cradlepoint, Inmarsat Government, JPS Interoperability Solutions ...

Sonim Q1 net revenues fall 52%, net loss widens to USD 10 million

Published 15 May 2020 15:59 CET | World
Sonim Technologies saw its Q1 net revenues drop 52 percent to USD 12.7 million. The decrease in net revenues was primarily ...

Sonim slashes workforce as Q4 sales fall 63%

Published 12 Mar 2020 10:57 CET | World
Sonim Technologies reported revenues for the fourth quarter of 2019 down 63 percent year-on-year to USD 17.2 million, and moved ...

Sonim changes CEO after technical problems, drop in sales

Published 30 Oct 2019 16:30 CET | World
Sonim Technologies, the maker of rugged handsets, announced the appointment of Tom Wilkinson as CEO, effective 29 October. ...

Sonim lowers FY guidance on product delays, appoints interim CFO

Published 11 Sep 2019 11:48 CET | World
Sonim Technologies, which held its IPO in the spring, has provided a financial update for this year and announced the appointment ...

Sonim raises net USD 37.5 mln from offering, greenshoe

Published 23 May 2019 09:31 CET | World
Sonim Technologies has raised net proceeds of USD 37.5 million from its offering of 3.571 million shares and greenshoe of 505,714 ...

Sonim prices IPO at USD 11 per share

Published 10 May 2019 10:54 CET | World
Sonim Technologies, which filed its IPO with the US SEC in April, said it will be offering of 3.571 million shares at USD 11 per ...





Calendar   /   Industry Events

27 Nov Axiata Q3 2020
30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
::: More Calendar Items