r/pennystocks - 2025-06-12 09:58 - Score: 3 - Comments: 7
**Buyout Offer Details:**
Orbic North America made an unsolicited non-binding proposal to acquire SONM for $4.00 per share in cash . Sonim Technologies received this unsolicited proposal on April 3, 2025 .
**Company Response:**
A Special Committee of independent directors is reviewing the proposal with legal and financial advisors while exploring all strategic alternatives .
**Key Points:**
- The offer is unsolicited and non-binding, meaning Orbic made the proposal without being asked, and i...