---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-038533"
form_type: "8-K"
ticker: "SONM"
cik: "0001178697"
company_name: "DNA X, Inc."
filed_at: "2024-09-27T23:59:59+00:00"
generated_at: "2026-05-31T01:04:38.412678+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-038533
- form_type: 8-K
- ticker: SONM
- cik: 0001178697
- company_name: DNA X, Inc.
- filed_at: 2024-09-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178697/000149315224038533/0001493152-24-038533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178697/000149315224038533/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-038533
- JSON: https://secwatch.observer/filing/0001493152-24-038533.json
- Plain text: https://secwatch.observer/filing/0001493152-24-038533.txt

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