---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-015997"
form_type: "8-K"
ticker: "SONM"
cik: "0001178697"
company_name: "DNA X, Inc."
filed_at: "2025-09-29T23:59:59+00:00"
generated_at: "2026-05-17T05:22:12.660058+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sonim enters up to $500M equity facility with Chardan Capital Markets

## Summary
- Sonim may sell up to $500M in common stock to Chardan over 36 months at VWAP minus 3.5% discount.
- Exchange cap of 2,066,747 shares (19.99% outstanding) unless shareholder approval or price condition met.
- Minimum 33% of proceeds must prepay $2.755M note to Streeterville Capital, LLC issued July 11, 2025.
- No restrictions on future financings; Chardan prohibits short sales and hedging.
- Company can terminate with 10 trading days notice; Chardan terminates on customary events.

## SEC filing metadata
- accession: 0001493152-25-015997
- form_type: 8-K
- ticker: SONM
- cik: 0001178697
- company_name: DNA X, Inc.
- filed_at: 2025-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178697/000149315225015997/0001493152-25-015997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178697/000149315225015997/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-015997
- JSON: https://secwatch.observer/filing/0001493152-25-015997.json
- Plain text: https://secwatch.observer/filing/0001493152-25-015997.txt

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