secwatch / observer
8-K filed April 29, 2024, 7:59 PM ET ticker SONM CIK 0001178697
other material confidence high sentiment positive materiality 0.65

Sonim closes $3.85M private placement at 126% premium to market for growth capital

DNA X, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DNA X, Inc. entered into Subscription Agreement with an individual investor (the Purchaser) valued at $3,850,000 (effective 2024-04-29).

Action
entry
Agreement
equity purchase
Counterparty
an individual investor (the Purchaser)
Value
$3,850,000
Effective
2024-04-29
Exact text from the filing
On April 29, 2024, Sonim Technologies, Inc. (the “Company”) entered into a subscription agreement (the “Subscription Agreement”) with an individual investor identified in the Subscription Agreement (“Purchaser”), providing for the private placement of (i) 3,500,000 shares of the Company’s common stock, par value $0.001, (“Common Stock”) and (ii) warrants to purchase up to 3,500,000 shares of Common Stock (the “Warrants”) for an aggregate purchase price of $3,850,000 (the “Purchase Price”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DNA X, Inc. entered into Lock-Up Agreement with the Purchaser (effective 2024-04-29).

Action
entry
Agreement
equity purchase
Counterparty
the Purchaser
Effective
2024-04-29
Exact text from the filing
In addition, on April 29, 2024, in connection with the entry into the Subscription Agreement, the Company and the Purchaser entered into a lock-up agreement (the “Lock-Up Agreement”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DNA X, Inc. entered into Registration Rights Agreement with the Purchaser (effective 2024-04-29).

Action
entry
Agreement
equity purchase
Counterparty
the Purchaser
Effective
2024-04-29
Exact text from the filing
On April 29, 2024, in connection with the entry into the Subscription Agreement, the Company entered into a registration rights agreement (the “Registration Rights Agreement”) with the Purchaser.
View on SEC.gov

246 material agreements filed in the last 30 days. Browse all material agreements →

DNA X, Inc. filing history →

Source: SEC EDGAR
accession 0001493152-24-016851
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