8-K
filed January 27, 2026, 6:59 PM ET
ticker SONM
CIK 0001178697
M&A
confidence high
sentiment neutral
materiality 0.85
DNA X, Inc. (SONM): M&A transaction — Sonim Technologies completes asset sale to NEXA, rebrands as DNA X, Inc., pivots to digital asset management
DNA X, Inc.
- Asset sale of enterprise 5G solutions business to Pace Car Acquisition LLC (NEXA) closed Jan 23, 2026; post-closing cash ~$6.2M.
- Company changed name to DNA X, Inc.; expects Nasdaq ticker change to DNAX from SONM.
- Prepaid $5.4M in promissory notes to Streeterville Capital at 110% of outstanding balance.
- Company believes it regained compliance with Nasdaq $2.5M stockholders' equity requirement.
- DNA X will operate digital asset trading platform acquired Dec 2025; focus on on-chain trading protocol.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
DNA X, Inc.: Changed corporate name to DNA X, Inc. via certificate of amendment to certificate of incorporation (effective 2026-01-23).
- Change
- charter amendment
- Effective
- 2026-01-23
Exact text from the filing
On the Closing Date, the Company changed its corporate name to DNA X, Inc. pursuant to a certificate of amendment to the Company’s amended and restated certificate of incorporation (the “ Charter Amendment ”) filed with the Delaware Secretary of State on January 23, 2026 (the “ Name Change ”).
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
DNA X, Inc. completed a disposition involving Pace Car Acquisition LLC (closed 2026-01-23).
- Action
- disposition
- Counterparty
- Pace Car Acquisition LLC
- Closing
- 2026-01-23
Exact text from the filing
the completion on January 23, 2026 (the “ Closing Date ”) of the previously announced sale (the “ Asset Sale ”) of substantially all of its assets related to the enterprise 5G solutions business, including rugged handsets, smartphones, wireless internet device, software, services, and accessories by DNA X, Inc. (formerly, Sonim Technologies, Inc.), a Delaware corporation (the “ Company ”), to Pace Car Acquisition LLC, (the “ Buyer ”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DNA X, Inc. amended APA Amendment with the Buyer, the Parent, and the Seller Representative.
- Action
- amendment
- Agreement
- asset purchase
- Counterparty
- the Buyer, the Parent, and the Seller Representative
Exact text from the filing
On the Closing Date, the Company, the Buyer, the Parent, and the Seller Representative entered into a second amendment to the Asset Purchase Agreement (the “ APA Amendment ”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DNA X, Inc. terminated July Note with Streeterville Capital, LLC valued at approximately $5.4 million.
- Action
- termination
- Agreement
- notes offering
- Counterparty
- Streeterville Capital, LLC
- Value
- approximately $5.4 million
Exact text from the filing
On the Closing Date, the Company prepaid (i) that certain promissory note (the “ July Note ”), dated July 11, 2025, issued by the Company to Streeterville Capital, LLC (the “ Lender ”), pursuant to that certain note purchase agreement, dated July 11, 2025, by and between the Company and the Lender and (ii) that certain promissory note (the “ February Note ” and, together with the July Note, the “ Notes ”), dated February 21, 2025, issued by the Company to the Lender, pursuant to that certain note purchase agreement, dated February 21, 2025, by and between the Company and the Lender.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DNA X, Inc. terminated February Note with Streeterville Capital, LLC valued at approximately $5.4 million.
- Action
- termination
- Agreement
- notes offering
- Counterparty
- Streeterville Capital, LLC
- Value
- approximately $5.4 million
Exact text from the filing
On the Closing Date, the Company prepaid (i) that certain promissory note (the “ July Note ”), dated July 11, 2025, issued by the Company to Streeterville Capital, LLC (the “ Lender ”), pursuant to that certain note purchase agreement, dated July 11, 2025, by and between the Company and the Lender and (ii) that certain promissory note (the “ February Note ” and, together with the July Note, the “ Notes ”), dated February 21, 2025, issued by the Company to the Lender, pursuant to that certain note purchase agreement, dated February 21, 2025, by and between the Company and the Lender.
View on SEC.gov
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