How does a publicly-traded technology company lose over 99% of its value, leaving even seasoned investors bewildered? The story of Sonim Technologies, ticker SONM, is a classic Wall Street cautionary tale—a dramatic chronicle of a promising IPO that devolved into a multi-year “penny stock death spiral.” This is not just a stock chart; it’s an autopsy. Join us as we dissect the complete timeline, from the initial hype to the desperate reverse stock splits, the failed turnaround attempts, and the final buyout. We’ll uncover the fundamental financial failures and strategic blunders that sealed Sonim’s fate, providing a crucial lesson in risk, value, and the brutal realities of the market.
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