June 25 (Reuters) - Sonim Technologies Inc ( SONM ):

* SONIM TECHNOLOGIES ( SONM ): SIGNS LETTER OF INTENT FOR REVERSE

TAKEOVER

WITH A FULL STACK A.I. FACTORY PROVIDER

* SONIM TECHNOLOGIES ( SONM ): CO STOCKHOLDERS WOULD RETAIN EQUITY

VALUED

AT $17.5 MILLION IN COMBINED CO

* SONIM TECHNOLOGIES ( SONM ): HPC A.I. FACTORY TARGET WOULD BE

VALUED AT

ABOUT $300 MILLION

* SONIM TECHNOLOGIES ( SONM ): UNDER LOI, HPC A.I. FACTORY TARGET

STOCKHOLDERS TO OWN MAJORITY IN COMBINED CO

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