08:57 AM EDT, 04/03/2025 (MT Newswires) -- Sonim Technologies ( SONM ) said Thursday that it has received an unsolicited, non-binding offer from Orbic North America to acquire all of its outstanding shares for $4 each in cash.

The company said it is reviewing the proposal while it consults with its legal and financial advisors.

"We appreciate Orbic's offer and continued interest in Sonim ( SONM ), and we will carefully evaluate the unsolicited proposal in light of all feasible options, working diligently to ensure the best outcome for our investors," Mike Mulica, chair of a Sonim ( SONM ) special committee that is reviewing the offer, said.

Shares of Sonim Technologies ( SONM ) were down 1.3% in recent premarket activity.