8-K
filed December 18, 2025, 6:59 PM ET
ticker SONM
CIK 0001178697
other material
confidence high
sentiment neutral
materiality 0.75
DNA X, Inc. (SONM): M&A transaction — Sonim issues $1.2M convertible note, acquires DNA X DeFi protocol for 19.99% stock
DNA X, Inc.
- Issued $1.2M convertible promissory note to DNA Holdings, 10% interest, due Dec 2026, convertible at $5.50/share.
- Acquired 100% of DNA X LLC for 223,201 shares (19.99% of outstanding) – an on-chain DeFi trading protocol.
- DNA Holdings receives board nomination rights (1 officer, 1 director) if it holds ≥5% of common stock.
- Put option: if DNA X doesn't hit $600M volume or $1M/day revenue by June 2026, DNA Holdings can swap shares back for DNA X.
- Exchanged $629,640 of Streeterville note for 148,500 shares at $4.24; remaining Streeterville note ~$2.3M.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DNA X, Inc. incurred convertible notes of $1,200,000 with DNA Holdings Venture, Inc. at 10% per annum maturing December 15, 2026.
- Instrument
- convertible notes
- Principal
- $1,200,000
- Counterparty
- DNA Holdings Venture, Inc.
- Rate
- 10% per annum
- Maturity
- December 15, 2026
- Event
- incurrence
Exact text from the filing
issued a convertible promissory note in the original principal amount of $1,200,000 (the “DNA Note”)
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
DNA X, Inc. issued convertible note to DNA Holdings Venture, Inc. for $1,200,000.
- Security
- convertible note
- Purchaser
- DNA Holdings Venture, Inc.
- Consideration
- $1,200,000
Exact text from the filing
On December 15, 2025, Sonim Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with DNA Holdings Venture, Inc. (“DNA Holdings”) and issued a convertible promissory note in the original principal amount of $1,200,000 (the “DNA Note”), in a private placement (the “Offering”).
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
DNA X, Inc. issued 223,201 shares of common stock of common stock to DNA Holdings Venture, Inc. for exchange of the membership interest in DNA X.
- Security
- common stock
- Shares
- 223,201 shares of common stock
- Purchaser
- DNA Holdings Venture, Inc.
- Consideration
- exchange of the membership interest in DNA X
Exact text from the filing
December 15, 2025 223,201 shares of common stock in consideration of the exchange of the membership interest in DNA X.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
DNA X, Inc. issued 18,423 shares of common stock of common stock to 13D Management, LLC for exchange of $180,000 of the Note.
- Security
- common stock
- Shares
- 18,423 shares of common stock
- Purchaser
- 13D Management, LLC
- Consideration
- exchange of $180,000 of the Note
Exact text from the filing
November 17, 2025 18,423 shares of common stock in consideration of the exchange of $180,000 of the Note.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
DNA X, Inc. issued 148,500 shares of common stock of common stock to 13D Management, LLC for exchange of $629,640 of the Note.
- Security
- common stock
- Shares
- 148,500 shares of common stock
- Purchaser
- 13D Management, LLC
- Consideration
- exchange of $629,640 of the Note
Exact text from the filing
December 16, 2025 148,500 shares of common stock in consideration of the exchange of $629,640 of the Note.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
DNA X, Inc. issued 16,187 shares of common stock of common stock to 13D Management, LLC for exchange of $180,000 of the Note.
- Security
- common stock
- Shares
- 16,187 shares of common stock
- Purchaser
- 13D Management, LLC
- Consideration
- exchange of $180,000 of the Note
Exact text from the filing
October 31, 2025 16,187 shares of common stock in consideration of the exchange of $180,000 of the Note.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
DNA X, Inc. completed an acquisition involving DNA Holdings Venture, Inc. for 223,201 shares of the Company’s common stock, representing 19.99% of the outstanding shares of the Company’s common stock as of the date of issuance (closed 2025-12-15).
- Action
- acquisition
- Counterparty
- DNA Holdings Venture, Inc.
- Consideration
- 223,201 shares of the Company’s common stock, representing 19.99% of the outstanding shares of the Company’s common stock as of the date of issuance
- Closing
- 2025-12-15
Exact text from the filing
the Company purchased 100% of the membership interests in DNA X LLC, a Delaware limited liability company, (“DNA X”) for an aggregate purchase price of 223,201 shares of the Company’s common stock, representing 19.99% of the outstanding shares of the Company’s common stock as of the date of issuance.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DNA X, Inc. entered into Purchase Agreement with DNA Holdings Venture, Inc. valued at $1,200,000 (effective 2025-12-15).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- DNA Holdings Venture, Inc.
- Value
- $1,200,000
- Effective
- 2025-12-15
Exact text from the filing
On December 15, 2025, Sonim Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with DNA Holdings Venture, Inc. (“DNA Holdings”) and issued a convertible promissory note in the original principal amount of $1,200,000 (the “DNA Note”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DNA X, Inc. entered into Membership Interest Purchase Agreement with DNA Holdings Venture, Inc. valued at 223,201 shares of the Company’s common stock, representing 19.99% of the outstanding shares (effective 2025-12-15).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- DNA Holdings Venture, Inc.
- Value
- 223,201 shares of the Company’s common stock, representing 19.99% of the outstanding shares
- Effective
- 2025-12-15
Exact text from the filing
for an aggregate purchase price of 223,201 shares of the Company’s common stock, representing 19.99% of the outstanding shares of the Company’s common stock
View on SEC.gov
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