AJP Holding and Partners Secure Financing for Potential Sonim Technologies Deal

Rhea-AI Filing Summary

A significant Schedule 13D/A filing for Sonim Technologies reveals multiple reporting persons collectively holding a 19.04% stake in the company. The key reporting entities include:

• AJP Holding Company LLC - Beneficially owns 1,946,345 shares
• Jeffrey Wang (AJP's sole manager) - Controls 1,972,124 shares including 25,779 direct shares from RSUs
• Orbic North America LLC - Has shared control over holdings
• Ashima Narula (Orbic's manager) and Parveen Narula (Orbic's CEO) - Each controlling 1,947,345 shares

The filing indicates Orbic is pursuing a proposal to be funded through cash on hand and financing from Capstone Project Finance LLC. The ownership calculation is based on 10,338,905 outstanding shares reported in Sonim's recent proxy statement. This represents Amendment No. 12 to the original Schedule 13D, reflecting ongoing changes in the group's investment position.

Positive

• Major ownership stake disclosed - AJP Holding Company and affiliated parties control 19.04% of Sonim Technologies' outstanding shares
• Potential acquisition financing secured - Orbic has obtained financing commitment from Capstone Project Finance LLC for a proposed transaction

Negative

• None.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 12)

SONIM TECHNOLOGIES INC

(Name of Issuer)

common stock, $0.001 par value

(Title of Class of Securities)

83548F309

(CUSIP Number)

Arthur Marcus Esq
Sichenzia Ross Ference Carmel, 1185 Avenue of the Americas, 31st floor
New York, NY, 10036
212-930-9700

Richard F. Langan, Jr., Esq
Nixon Peabody LLP, 55 West 46th Street
New York, NY, 10036
(212) 940-3000

Conrad Adkins, Esq
Nixon Peabody LLP, 55 West 46th Street
New York, NY, 10036
(212) 940-3000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/26/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 83548F309

1

Name of reporting person

AJP Holding Company, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,946,345.00

11

Aggregate amount beneficially owned by each reporting person

1,946,345.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.04 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) Beneficial ownership of the shares of common stock owned by AJP Holding Company, LLC are also attributable to (i) Jeffrey Wang, the sole manager of AJP Holding Company, LLC; (ii) Mr. Wang directly holds 25,779 shares of common stock, the shares are the result of restricted stock units granted by Sonim Technologies, Inc. in accordance with its equity plan; (iii) Orbic North America, LLC; (iv) Ashima Narula, the sole member and manager of Orbic North America, LLC.; and (v) Parveen Narula, the Chief Executive Officer of Orbic North America, LLC. and, thus, are reported by more than one Reporting Person pursuant to Rule 13d-3 under the Act. (2) Percentage calculated based on 10,338,905 shares of common stock outstanding (which is based on the amounts reported in Sonim's Definitive Proxy Statement on Schedule 14A filed on June 18, 2025.

SCHEDULE 13D

CUSIP No. 83548F309

1

Name of reporting person

Jeffrey Wang

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 25,779.00
10	Shared Dispositive Power 1,946,345.00

11

Aggregate amount beneficially owned by each reporting person

1,972,124.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.04 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The amounts in Rows 9 and 11 reflect a correction to the number of shares originally reported in the Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on March 18, 2025. (1) Beneficial ownership of the shares of common stock owned by AJP Holding Company, LLC are also attributable to: (i) Jeffrey Wang, the sole manager of AJP Holding Company, LLC; (ii) Mr. Wang directly holds 25,779 shares of common stock, the shares are the result of restricted stock units granted by Sonim Technologies, Inc. in accordance with its equity plan; (iii) Orbic North America, LLC; (iv) Ashima Narula, the sole member and manager of Orbic North America, LLC.; and (v) Parveen Narula, the Chief Executive Officer of Orbic North America, LLC., and, thus, are reported by more than one Reporting Person pursuant to Rule 13d-3 under the Act. (2) Percentage calculated based on 10,338,905 shares of common stock outstanding (which is based on the amounts reported in Sonim's Definitive Proxy Statement on Schedule 14A filed on June 18, 2025.

SCHEDULE 13D

CUSIP No. 83548F309

1

Name of reporting person

Orbic North America, LLC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,000.00

11

Aggregate amount beneficially owned by each reporting person

1,947,345.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.04 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) Beneficial ownership of the shares of common stock owned by AJP Holding Company, LLC are also attributable to: (i) Jeffrey Wang, the sole manager of AJP Holding Company, LLC; (ii) Mr. Wang directly holds 25,779 shares of common stock, the shares are the result of restricted stock units granted by Sonim Technologies, Inc. in accordance with its equity plan; (iii) Orbic North America, LLC; (iv) Ashima Narula, the sole member and manager of Orbic North America, LLC.; and (v) Parveen Narula, the Chief Executive Officer of Orbic North America, LLC., and, thus, are reported by more than one Reporting Person pursuant to Rule 13d-3 under the Act. (2) Percentage calculated based on 10,338,905 shares of common stock outstanding (which is based on the amounts reported in Sonim's Definitive Proxy Statement on Schedule 14A filed on June 18, 2025.

SCHEDULE 13D

CUSIP No. 83548F309

1

Name of reporting person

Ashima Narula

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,947,345.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,000.00

11

Aggregate amount beneficially owned by each reporting person

1,947,345.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.04 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) Beneficial ownership of the shares of common stock owned by AJP Holding Company, LLC are also attributable to: (i) Jeffrey Wang, the sole manager of AJP Holding Company, LLC; (ii) Mr. Wang directly holds 25,779 shares of common stock, the shares are the result of restricted stock units granted by Sonim Technologies, Inc. in accordance with its equity plan; (iii) Orbic North America, LLC; (iv) Ashima Narula, the sole member and manager of Orbic North America, LLC.; and (v) Parveen Narula, the Chief Executive Officer of Orbic North America, LLC., and, thus, are reported by more than one Reporting Person pursuant to Rule 13d-3 under the Act. (2) Percentage calculated based on 10,338,905 shares of common stock outstanding (which is based on the amounts reported in Sonim's Definitive Proxy Statement on Schedule 14A filed on June 18, 2025.

SCHEDULE 13D

CUSIP No. 83548F309

1

Name of reporting person

Parveen Narula

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,947,345.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,000.00

11

Aggregate amount beneficially owned by each reporting person

1,947,345.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.04 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) Beneficial ownership of the shares of common stock owned by AJP Holding Company, LLC are also attributable to: (i) Jeffrey Wang, the sole manager of AJP Holding Company, LLC; (ii) Mr. Wang directly holds 25,779 shares of common stock, the shares are the result of restricted stock units granted by Sonim Technologies, Inc. in accordance with its equity plan; (iii) Orbic North America, LLC; (iv) Ashima Narula, the sole member and manager of Orbic North America, LLC.; and (v) Parveen Narula, the Chief Executive Officer of Orbic North America, LLC., and, thus, are reported by more than one Reporting Person pursuant to Rule 13d-3 under the Act. (2) Percentage calculated based on 10,338,905 shares of common stock outstanding (which is based on the amounts reported in Sonim's Definitive Proxy Statement on Schedule 14A filed on June 18, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: common stock, $0.001 par value
(b)	Name of Issuer: SONIM TECHNOLOGIES INC
(c)	Address of Issuer's Principal Executive Offices: 4445 Eastgate Mall, Suite 200, 55 West 46th Street, San Diego, CALIFORNIA , 92121.
Item 1 Comment: Introductory Statement: This Amendment No. 12 (this "Amendment "), being filed by AJP Holding Company, LLC ("AJP"), Jeffrey Wang, Orbic North America, LLC ("Orbic"), Ashima Narula and Parveen Narula, the ("Reporting Persons"), amends and supplements the (i) Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on July 19, 2022, (ii) the Amendment No. 1 to Schedule 13D filed with the SEC on October 25, 2022, (iii) the Amendment No. 2 to the Schedule 13D filed with the SEC on January 17, 2025, (iv) the Amendment No. 3 to the Schedule 13D filed with the SEC on March 18, 2025, (v) the Amendment No. 4 to the Schedule 13D filed with the SEC on March 24, 2025, (vi) the Amendment No. 5 to the Schedule 13D filed with the SEC on March 31, 2025, (vii) the Amendment No. 6 to the Schedule 13D filed with the SEC on April 10, 2025, (viii) the Amendment No. 7 to the Schedule 13D filed with the SEC on April 16, 2025, (ix) Amendment No. 8 to the Schedule 13D filed with the SEC on April 24, 2025, (x) Amendment No. 9 filed with the SEC on May 19, 2025, (xi) the Amendment No. 10 to Schedule 13D filed with the SEC on June 3, 2025 and (xii) the Amendment No. 11 to Schedule 13D filed with the SEC on June 24, 2025 (collectively, the "Schedule 13D"). This Schedule 13D relates to the shares of common stock (the "Common Stock") of Sonim Technologies Inc., a Delaware corporation (the "Issuer"). Except as specifically provided herein, this Amendment No. 12 does not modify any of the information previously reported in the Schedule 13D, as amended. Capitalized terms used herein shall have the meanings ascribed to them in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Orbic expects to fund the Proposal (as defined below) using cash on hand, along with financing from Capstone Project Finance, LLC ("Capstone"). The foregoing description of the financing does not purport to be complete and is qualified in its entirety by reference to the full text of the financing commitment letter attached hereto as Exhibit 99.2, which is incorporated herein by reference.
Item 4.	Purpose of Transaction
	Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: On June 26, 2025, Orbic submitted a revised non-binding proposal (the "Proposal") to purchase substantially all of the Issuer's assets for a cash purchase price of $25 million. The Proposal is subject to the terms and conditions as described therein. The foregoing description of the Proposal does not purport to be complete and is qualified in its entirety by reference to the full text of such proposal attached hereto as Exhibit 99.3, which is incorporated herein by reference. On June 26, 2025, AJP and Orbic issued an open letter to Sonim stockholders (the "Letter to Stockholders or "Letter"). The Letter urges Sonim stockholders to support AJP's and Orbic's slate of highly qualified and independent nominees at the Issuer's upcoming Annual Meeting of Shareholders scheduled for July 18, 2025. The foregoing description of the Letter to Stockholders does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter attached hereto as Exhibit 99.4, which is incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.1 Joint Filing Agreement among the Reporting Persons dated March 18, 2025. Exhibit 99.2 Capstone Project Finance, LLC Commitment Letter, dated June 26, 2025. Exhibit 99.3 Letter to Sonim Technologies, Inc. Board of Directors, dated June 26, 2025. Exhibit 99.4 Letter to Sonim Technologies, Inc. Stockholders, dated June 26, 2025.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AJP Holding Company, LLC

Signature:	/s/ Jeffrey Wang
Name/Title:	Jeffrey Wang, Manager
Date:	06/26/2025

Jeffrey Wang

Signature:	/s/ Jeffrey Wang
Name/Title:	Jeffrey Wang, Individual
Date:	06/26/2025

Orbic North America, LLC.

Signature:	/s/ Parveen Narula
Name/Title:	Parveen Narula, Chief Executive Officer
Date:	06/26/2025

Ashima Narula

Signature:	/s/ Ashima Narula
Name/Title:	Ashima Narula, Individual
Date:	06/26/2025

Parveen Narula

Signature:	/s/ Parveen Narula
Name/Title:	Parveen Narula, Individual
Date:	06/26/2025

FAQ

What percentage of SONM stock does AJP Holding Company LLC own as of June 2025?

According to the Schedule 13D/A filing, AJP Holding Company LLC beneficially owns 1,946,345 shares, representing 19.04% of SONM's outstanding common stock, based on 10,338,905 shares outstanding as reported in Sonim's recent proxy statement.

Who are the key reporting persons in SONM's latest Schedule 13D/A filing?

The key reporting persons in the filing are: 1) AJP Holding Company LLC, 2) Jeffrey Wang (sole manager of AJP), 3) Orbic North America LLC, 4) Ashima Narula (sole member and manager of Orbic), and 5) Parveen Narula (CEO of Orbic).

How many shares of SONM does Jeffrey Wang personally own?

Jeffrey Wang personally owns 25,779 shares of SONM stock directly, which came from restricted stock units granted by Sonim Technologies in accordance with its equity plan. Including shared dispositive power over AJP Holdings' shares, his total beneficial ownership is 1,972,124 shares.

What is the financing arrangement mentioned in SONM's latest 13D/A?

The filing indicates that Orbic plans to fund a Proposal using cash on hand along with financing from Capstone Project Finance, LLC ('Capstone'). The full details are contained in a financing commitment letter attached as Exhibit 99.2 to the filing.

How many amendments have been made to SONM's original Schedule 13D filing?

This is Amendment No. 12 to the original Schedule 13D filing. The previous amendments were filed between July 19, 2022 and June 24, 2025, with Amendment No. 11 being the most recent prior filing.