---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-032922"
form_type: "8-K"
ticker: "SONM"
cik: "0001178697"
company_name: "DNA X, Inc."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T14:30:57.241004+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sonim Technologies receives Nasdaq non-compliance notice for minimum bid price

## Summary
- Nasdaq notified Sonim on 09/14/2023 that stock closed below $1.00 for 30 consecutive business days.
- Company has 180 days, through 03/12/2024, to regain compliance by maintaining bid price at or above $1.00 for 10 consecutive days.
- If compliance not met, Nasdaq may grant a second 180-day period, subject to meeting other continued listing standards.
- Sonim is evaluating a reverse stock split, subject to stockholder approval at its 2024 annual meeting, to address deficiency.
- Failure to regain compliance could lead to delisting; trading continues normally under symbol SONM for now.

## SEC filing metadata
- accession: 0001493152-23-032922
- form_type: 8-K
- ticker: SONM
- cik: 0001178697
- company_name: DNA X, Inc.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178697/000149315223032922/0001493152-23-032922-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178697/000149315223032922/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032922
- JSON: https://secwatch.observer/filing/0001493152-23-032922.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032922.txt

## Key facts
- Listing & Compliance Notices
  DNA X, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: September 14, 2023, Sonim Technologies, Inc. (the “Company”) received a letter (the “Notice”) from the listing qualifications staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) for continued listing. The Bid Price Rule requires listed securities to maintain a minimum bid price of $1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”) provides that a failure to meet the minimum bid price requirement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178697/000149315223032922/0001493152-23-032922-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.