Sonim enters $2.5M receivables factoring facility with LS DE LLC

DNA X, Inc.

Agreement provides advances of 80% of invoice face value up to $2.5M total.
Fees: invoice purchase fee of 0.20% per invoice plus daily usage fee of 0.0388%.
Initial term of 12 months, auto-renewing; secured by all accounts receivable and inventory.
Default interest rate is lesser of 24% per annum or maximum allowed by law.
Facility includes standard covenants limiting additional debt, liens, and dividends.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.