{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-020061","form_type":"8-K","ticker":"SONM","cik":"0001178697","company_name":"DNA X, Inc.","filed_at":"2025-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.499521+00:00","generated_at":"2026-05-18T05:54:59.423359+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sonim issues $2.755M secured note to Streeterville Capital; net proceeds $2.5M","bullets":["Note carries 9% annual interest, matures 18 months from July 11, 2025; OID of $225K and $30K transaction fees.","Prepayment: optional at 110% of principal; mandatory prepayment of 33% of any future financing proceeds capped at outstanding balance.","Note secured by first-priority lien on all assets including intellectual property; restrictive covenants on debt and equity issuances.","As of July 11, 2025, Sonim had 17,738,905 shares of common stock outstanding.","Placement agent Ascendiant Capital Markets received $150K fee (6% of gross proceeds)."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-020061","json":"https://secwatch.observer/filing/0001641172-25-020061.json","markdown":"https://secwatch.observer/filing/0001641172-25-020061.md","text":"https://secwatch.observer/filing/0001641172-25-020061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1178697/000164117225020061/0001641172-25-020061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1178697/000164117225020061/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:54:59.423359+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":"073673923115a80b70cc02943b8969d9a47c0e24","claim":"DNA X, Inc. incurred senior notes of $2,755,000 with Streeterville Capital, LLC at nine percent (9%) per annum maturing eighteen (18) months following the date of issuance.","evidence_excerpt":"On July 11, 2025, Sonim Technologies, Inc. (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Lender”) pursuant to which the Company issued and sold to the Lender a promissory note in the original principal amount of $2,755,000 (the “Note”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1178697/000164117225020061/0001641172-25-020061-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$2,755,000"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Rate","value":"nine percent (9%) per annum"},{"label":"Maturity","value":"eighteen (18) months following the date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}