Added to YB: 2025-04-15
Pitch date: 2025-04-13
SONM [bullish]
Sonim Technologies, Inc.
-78.56%
current return
Author Info
The Newell Street Journal shares half-baked investment ideas. Sign up for the newsletter.
Company Info
Sonim Technologies, Inc. engages in the provision of enterprise 5G solutions in the United States, Canada, Europe, Middle East, and Asia Pacific.
Market Cap
$9.2M
Pitch Price
$26.82
Price Target
4.00 (-30%)
Dividend
N/A
EV/EBITDA
-0.13
P/E
-0.20
EV/Sales
0.07
Sector
Technology Hardware, Storage and Peripherals
Category
special_situation
Special Situation: take-private trading at 35% of tender price - Sonim Technologies, Inc.
SONM: Orbic offers $4/sh, 250% upside. Mgmt resists, diluting shares. Orbic+Lytton own 44.5%. Key risks: Orbic financing, board blocking vote, dilution. Downside -100% as co. near insolvent. Upside: deal acceptance pre-AGM or Orbic wins vote. Watch for AGM date, share count changes.
Read full article (11 min)