Schedule 13D/A

Filed by: B. RILEY FINANCIAL, INC.
Total Shares: 0
Subject Company: Sonim Technologies Inc - View Complete Ownership History Backtest
Filed as of Date: 09/03/2021
Event Date: 08/31/2021
Overall % Ownership: 0.0%
Theoretical performance if you bought this security on the day the filing was released.
Perf 1d Perf 5d Perf 1m Perf 6m Perf 1y Max Gain # Days to Max Gain Max Loss # Days to Max Loss
11.7257 24.115 -55.531 35.3982 5 -55.9735 30

Reporting Persons

Name Sole
Voting Power
Shared
Voting Power
Sole
Dispositive Power
Shared
Dispositive Power
Aggregate
Amount Owned
Percent
of class
B Riley Financial, Inc 0 0 0 0 0 0.0%
B Riley Capital Management, LLC 0 0 0 0 0 0.0%
BRC Partners Management GP, LLC 0 0 0 0 0 0.0%
BRC Partners Opportunity Fund, LP 0 0 0 0 0 0.0%
B Riley Principal Investments, LLC 0 0 0 0 0 0.0%
Bryant R Riley 0 0 0 0 0 0.0%
View Original Filing on Edgar's

Raw Filing Contents

0001213900-21-046624.txt : 20210903
0001213900-21-046624.hdr.sgml : 20210903
20210903160124
ACCESSION NUMBER:		0001213900-21-046624
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210903
DATE AS OF CHANGE:		20210903
GROUP MEMBERS:		B. RILEY CAPITAL MANAGEMENT, LLC
GROUP MEMBERS:		B. RILEY PRINCIPAL INVESTMENTS, LLC
GROUP MEMBERS:		BRC PARTNERS MANAGEMENT GP, LLC
GROUP MEMBERS:		BRC PARTNERS OPPORTUNITY FUND, LP
GROUP MEMBERS:		BRYANT R. RILEY

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIM TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001178697
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		IRS NUMBER:				943336783
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-91008
		FILM NUMBER:		211236412

	BUSINESS ADDRESS:	
		STREET 1:		6500 RIVER PLACE BLVD.
		STREET 2:		BUILDING 7, SUITE 250
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78730
		BUSINESS PHONE:		650-378-8100

	MAIL ADDRESS:	
		STREET 1:		6500 RIVER PLACE BLVD.
		STREET 2:		BUILDING 7, SUITE 250
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78730

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			B. Riley Financial, Inc.
		CENTRAL INDEX KEY:			0001464790
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				270223495
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		11100 SANTA MONICA BLVD
		STREET 2:		SUITE 800
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
		BUSINESS PHONE:		818-884-3737

	MAIL ADDRESS:	
		STREET 1:		11100 SANTA MONICA BLVD
		STREET 2:		SUITE 800
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Great American Group, Inc.
		DATE OF NAME CHANGE:	20090522
SC 13D/A 1 ea146940-13da4briley_sonim.htm AMENDMENT NO. 4 TO SCHEDULE 13D

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2(a)

 

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

Sonim Technologies, Inc.

(Name of Issuer)

 

Common Stock, par value $0.001

(Title of Class of Securities)

 

83548F101

(CUSIP Number)

 

Bryant R. Riley

B. Riley Financial, Inc.

11100 Santa Monica Boulevard, Suite 800

Los Angeles, CA 90025

(818) 884-3737

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

 

August 31, 2021

(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. ☐

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

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).

  

 

 

 

 

  

CUSIP No. 83548F101 13D  

       
1

Names of Reporting Persons

 

B. Riley Financial, Inc.

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, AF

5

Check if Disclosure of Legal Proceedings is Required Pursuant to item 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

8

Shared Voting Power

 

 0

9

Sole Dispositive Power

 

 0

10

Shared Dispositive Power

 

0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ☐

 

13

Percent of Class Represented by Amount in Row (11)

 

0.0%

14

Type of Reporting Person (See Instructions)

 

HC

 

2

 

 

CUSIP No. 83548F101 13D  

       
1

Names of Reporting Persons

 

B. Riley Capital Management, 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 item 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

8

Shared Voting Power

 

 0

9

Sole Dispositive Power

 

0

10

 Shared Dispositive Power

 

0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ☐

 

13

Percent of Class Represented by Amount in Row (11)

 

0.0%

14

Type of Reporting Person (See Instructions)

 

IA

 

3

 

 

CUSIP No. 83548F101 13D  

       
1

Names of Reporting Persons

 

BRC Partners Management GP, 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 item 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

8

Shared Voting Power

 

 0

9

Sole Dispositive Power

 

0

10

Shared Dispositive Power

 

 0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ☐

 

13

Percent of Class Represented by Amount in Row (11)

 

0.0%

14

Type of Reporting Person (See Instructions)

 

OO

 

4

 

  

CUSIP No. 83548F101 13D  

       
1

Names of Reporting Persons

 

BRC Partners Opportunity Fund, LP

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

5

Check if Disclosure of Legal Proceedings is Required Pursuant to item 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

8

Shared Voting Power

 

 0

9

Sole Dispositive Power

 

0

10

Shared Dispositive Power

 

 0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ☐

 

13

Percent of Class Represented by Amount in Row (11)

 

0.0%

14

Type of Reporting Person (See Instructions)

 

PN

 

5

 

  

CUSIP No. 83548F101 13D  

       
1

Names of Reporting Persons

 

B. Riley Principal Investments, 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

5

Check if Disclosure of Legal Proceedings is Required Pursuant to item 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

8

Shared Voting Power

 

 0

9

Sole Dispositive Power

 

0

10

Shared Dispositive Power

 

 0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ☐

 

13

Percent of Class Represented by Amount in Row (11)

 

0.0%  

14

Type of Reporting Person (See Instructions)

 

OO

 

6

 

  

CUSIP No. 83548F101 13D  

       
1

Names of Reporting Persons

 

Bryant R. Riley

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)

 

PF, AF

5

Check if Disclosure of Legal Proceedings is Required Pursuant to item 2(d) or 2(e) ☐

 

6

Citizenship or Place of Organization

 

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

7

Sole Voting Power

 

 0

8

Shared Voting Power

 

 0

9

Sole Dispositive Power

 

0

10

Shared Dispositive Power

 

 0

11

Aggregate Amount Beneficially Owned by Each Reporting Person

 

0

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ☐

 

13

Percent of Class Represented by Amount in Row (11)

 

0.0%  

14

Type of Reporting Person (See Instructions)

 

IN

 

7

 

 

Explanatory Note

 

This Amendment No. 4 (this “Amendment”) amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on November 12, 2019, as amended by Amendment No. 1 filed on June 29, 2020, Amendment No. 2 filed on March 15, 2021, and Amendment No. 3 filed on August 27, 2021 (collectively and as amended, the “Schedule 13D”) by the Reporting Persons relating to the common stock, par value $0.001 (the “Common Stock”), of Sonim Technologies, Inc., a Delaware corporation (the “Issuer”).

 

The filing of this Amendment No. 4 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons.

 

Item 5. Interest in Securities of the Issuer.  

 

Paragraphs (a) (b) and (e) of Item 5 are amended and restated in their entirety as follows:  

 

(a) – (b)  

  

    As of the date hereof, the Reporting Persons no longer beneficially own directly any shares of the Issuer’s Common Stock.

 

(e)  

  

    As of August 31, 2021, the Reporting Persons ceased to be the beneficial owner of more than five percent of the class of securities.

 

8

 

 

SIGNATURES

 

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.

 

Date: September 3, 2021

 

  B. RILEY FINANCIAL, INC.
   
 

/s/ Bryant R. Riley

  By: Bryant R. Riley
  Title: Co-Chief Executive Officer

 

  BRC PARTNERS OPPORTUNITY FUND, L.P.
   
 

/s/ Bryant R. Riley

  By: Bryant R. Riley
  Title: Chief Investment Officer

 

  BRC PARTNERS MANAGEMENT GP, LLC
   
  By: B. Riley Capital Management, LLC, its sole member
     
 

/s/ Bryant R. Riley

  By: Bryant R. Riley
  Title: Chief Executive Officer

 

  B. RILEY CAPITAL MANAGEMENT, LLC
   
 

/s/ Bryant R. Riley

  By: Bryant R. Riley
  Title: Chief Executive Officer

 

  B. RILEY PRINCIPAL INVESTMENTS, LLC
   
 

/s/ Kenneth Young

  By: Kenneth Young
  Title: Chief Executive Officer
   
  /s/ Bryant R. Riley
  By: Bryant R. Riley

 

9

 

 

SCHEDULE A

 

Executive Officers and Directors of B. Riley Financial, Inc.

 

Name and Position   Present Principal Occupation   Business Address   Citizenship
Bryant R. Riley
Chairman of the Board of Directors and Co-Chief Executive Officer
  Chief Investment Officer of BRC Partners Opportunity Fund, LP; Chief Executive Officer of B. Riley Capital Management, LLC; and Chairman of the Board of Directors and Co-Chief Executive Officer of B. Riley Financial, Inc.   11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
  United States
Thomas J. Kelleher
Co-Chief Executive Officer and Director
  Co-Chief Executive Officer and Director of B. Riley Financial, Inc.; and President of B. Riley Capital Management, LLC   11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
  United States
Phillip J. Ahn
Chief Financial Officer and Chief Operating Officer
  Chief Financial Officer and Chief Operating Officer of B. Riley Financial, Inc.  

30870 Russell Ranch Rd

Suite 250

Westlake Village, CA 91362

  United States
Kenneth Young
President
  President of B. Riley Financial, Inc.; and Chief Executive Officer of B. Riley Principal Investments, LLC   11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
  United States
Alan N. Forman
Executive Vice President, General Counsel and Secretary
  Executive Vice President, General Counsel and Secretary of B. Riley Financial, Inc.   299 Park Avenue, 21st Floor
New York, NY 10171
  United States
Howard E. Weitzman
Senior Vice President and Chief Accounting Officer
  Senior Vice President and Chief Accounting Officer of B. Riley Financial, Inc.  

30870 Russell Ranch Rd

Suite 250

Westlake Village, CA 91362

  United States
Daniel Shribman
Chief Investment Officer
  Chief Investment Officer of B. Riley Financial, Inc.; and President of B. Riley Principal Investments, LLC   299 Park Avenue, 21st Floor
New York, NY 10171
  United States
Robert L. Antin
Director
  Co-Founder of VCA, Inc., an owner and operator of Veterinary care centers and hospitals   11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
  United States
Robert D’Agostino
Director
  President of Q-mation, Inc., a supplier of software solutions   11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
  United States
Renée E. LaBran
Director
  Founding partner of Rustic Canyon Partners (RCP), a technology focused VC fund  

11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025

 

  United States

Randall E. Paulson

Director

  Special Advisor to Odyssey Investment Partners, LLC, a private equity investment firm   11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
  United States

Michael J. Sheldon
Director

 

  Chairman and Chief Executive Officer of Deutsch North America, a creative agency – Retired   11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
  United States
Mimi Walters
Director
  U.S. Representative from California’s 45th Congressional District – Retired   11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
  United States
Mikel Williams
Director
  Chief Executive Officer and Director of privately held Targus International, LLC, supplier of carrying cases and accessories   11100 Santa Monica Blvd.
Suite 800
Los Angeles, CA 90025
  United States

 

10

 

 

SCHEDULE B

 

Transactions within the Past 60 Days

  

Trade Date  Transaction  Amount of
Securities
   Price   Reporting Person
8/23/2021  Sale   176,482   $0.3966   BRC Partners Opportunity Fund, L.P.
8/24/2021  Sale   1,160,078   $0.4087   BRC Partners Opportunity Fund, L.P.
8/25/2021  Sale   1,500,000   $0.4118   BRC Partners Opportunity Fund, L.P.
8/26/2021  Sale   1,830,107   $0.4052   BRC Partners Opportunity Fund, L.P.
8/27/2021   Sale     1,073,658     $ 0.4212     BRC Partners Opportunity Fund, L.P.
8/31/2021   Sale     1,360,923     $ 0.4401     B. Riley Principal Investments, LLC
9/1/2021   Sale     3,338,329     $ 0.4533     B. Riley Principal Investments, LLC
9/1/2021   Sale     221,199     $ 0.4605     Bryant R. Riley

 

 

11

 

 

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