{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-024639","form_type":"8-K","ticker":"SONM","cik":"0001178697","company_name":"DNA X, Inc.","filed_at":"2026-05-20T20:50:16+00:00","discovered_at":"2026-05-20T20:52:00.244090+00:00","generated_at":"2026-05-20T20:52:49.831426+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"DNA X Q1 2026: asset sale nets $6.3M; no continuing revenue; raises $1.8M debt","bullets":["Completed sale of mobile device assets to NEXA for $15M (net $13.5M after working capital adj); $12M paid, $1.5M due Oct 2026.","Net income of $6.3M from asset sale (taxes, fees, severance); no revenue from continuing operations.","G&A expenses from continuing ops $3.6M, including $1.5M severance and $0.9M audit/tax costs.","Cash from continuing ops $1.2M at quarter end; entered agreement for $1.8M new debt on May 20, 2026.","Rebranded from Sonim Technologies to DNA X, Inc.; focuses on AI/crypto trading platform."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-024639","json":"https://secwatch.observer/filing/0001493152-26-024639.json","markdown":"https://secwatch.observer/filing/0001493152-26-024639.md","text":"https://secwatch.observer/filing/0001493152-26-024639.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1178697/000149315226024639/0001493152-26-024639-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1178697/000149315226024639/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T20:52:49.831426+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cb7a3b64e5b171633938c302ee8c71e381dd0326","claim":"DNA X, Inc. reported first quarter ended March 31, 2026 results: revenue There was no revenue from continuing operations because revenue from our phone and hotspot operations was included in di, net income $6.3 million in net income for the first quarter of 2026.","evidence_excerpt":"DNA X, Inc. Reports First Quarter 2026 Financial Results ● Closed sale of the Company’s mobile device assets to NEXA in January 2026 ● Completed the transfer of the operations of the phone and hotspot business to NEXA ● Focused on enhancing the DNA X trading platform to prepare the platform for its initial growth phase","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1178697/000149315226024639/0001493152-26-024639-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"There was no revenue from continuing operations because revenue from our phone and hotspot operations was included in di"},{"label":"Net income","value":"$6.3 million in net income for the first quarter of 2026"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}