CB Financial Services, Inc. Announces Completion of the 5% Outstanding Common Stock Repurchase Program
WASHINGTON, Pa.--(BUSINESS WIRE)--CB Financial Services, Inc. (the 'Company') (NASDAQ: CBFV), the holding company for Community Bank, announced that its 5% common stock repurchase program was completed on June 13, 2025. The program commenced on July 26, 2024. In connection with the program, the Company purchased a total of 257,145 shares of the Company's common stock at an average price of $28.70 per share.
About CB Financial Services, Inc.
CB Financial Services, Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. Community Bank operates its branch network in southwestern Pennsylvania and West Virginia. Community Bank offers a broad array of retail and commercial lending and deposit services.
For more information about CB Financial Services, Inc. and Community Bank, visit our website at www.cb.bank.
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Associated Press
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Sonim Technologies Provides Update on Strategic Alternatives Initiatives
Urges Stockholders to Support Sonim's Qualified Director Nominees at the Annual Meeting on July 18, 2025 Vote for each of Sonim Board Nominees on the WHITE Proxy Card San Diego, California--(Newsfile Corp. - June 18, 2025) - Sonim Technologies, Inc. (NASDAQ: SONM), a leading provider of rugged mobile solutions, today outlined its ongoing successful strategic alternatives process and illusory proposals by Orbic North America, LLC ('Orbic'). In January 2025, following the unsolicited approach from Orbic to acquire Sonim, the Sonim Board formed a Special Committee to explore and evaluate a range of strategic alternatives to maximize stockholder value. Both strategically and tactically, the Special Committee has already found a potentially better alternative for Sonim stockholders to a transaction with Orbic. 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Both strategically and tactically, the Special Committee has already found a potentially better alternative for Sonim stockholders to a transaction with Orbic: Sale of Assets to Social Mobile: As announced on June 2, 2025, Sonim and Social Mobile have signed a Letter of Intent intended to lead to a definitive agreement under which Social Mobile will acquire substantially all of Sonim's operating assets for up to $20 million, including up to $5 million in earn-out consideration. Reverse Takeover Transaction: In addition, Sonim is pursuing a reverse merger transaction with a private operating company, targeting a $15 million valuation for Sonim. These transactions, taken together, represent a path to superior stockholder value. Don't Let Orbic Seize Control of Sonim Without Paying a Premium to All Stockholders In addition to the alternatives outlined above, the Special Committee also attempted on numerous occasions to engage with Orbic, but to no avail. 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Forward-looking statements generally can be identified by the use of forward-looking terminology such as 'achieve,' 'aim,' 'ambitions,' 'anticipate,' 'believe,' 'committed,' 'continue,' 'could,' 'designed,' 'estimate,' 'expect,' 'forecast,' 'future,' 'goals,' 'grow,' 'guidance,' 'intend,' 'likely,' 'may,' 'milestone,' 'objective,' 'on track,' 'opportunity,' 'outlook,' 'pending,' 'plan,' 'poised,' 'position,' 'possible,' 'potential,' 'predict,' 'progress,' 'promises,' 'roadmap,' 'seek,' 'should,' 'strive,' 'targets,' 'to be,' 'upcoming,' 'will,' 'would,' and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. 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Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law. Important Information and Where to Find It Sonim has filed with the SEC a definitive proxy statement on Schedule 14A, containing a form of WHITE proxy card, with respect to its solicitation of proxies for the 2025 Annual Meeting of Stockholders. Sonim's stockholders are strongly encouraged to read Sonim's definitive proxy statement (including any amendments or supplements thereto) and any other documents to be filed with the SEC carefully and in their entirety when they become available because they will contain important information. Stockholders may obtain a free copy of the definitive proxy statement, any amendments or supplements to the proxy statement, and other documents that Sonim files with the SEC at no charge from the SEC's website at . Copies will also be available at no charge on Sonim's website at . Participants in Solicitation Sonim and its respective directors, executive officers, and other members of their management and employees, including Peter Liu (Chief Executive Officer and a director), Clay Crolius (Chief Financial Officer), and Sonim's directors – James Cassano, Mike Mulica, Jack Steenstra, and Jeffrey Wang – under SEC rules, may be deemed to be participants in the solicitation of proxies of Sonim's stockholders in connection with the election of directors at Sonim's 2025 Annual Meeting and related proposals to Sonim's stockholders. Stockholders may obtain more detailed information regarding Sonim's directors and executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, under the captions " Directors, Executive Officers, and Corporate Governance ,' " Security Ownership of Certain Beneficial Owners and Management , " and " Certain Relationships and Related Party Transactions " of Sonim's definitive proxy statement for the 2025 Annual Meeting filed with the SEC on June 18, 2025. To the extent holdings of our directors and executive officers reported in the definitive proxy statement change, such changes will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC, if and when they become available. These documents will be available free of charge as described above. Media Contact: Anette Gaven [email protected] 1-619-993-3058 To view the source version of this press release, please visit
Associated Press
an hour ago
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