---
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"
generated_at: "2026-05-18T05:54:59.423359+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sonim issues $2.755M secured note to Streeterville Capital; net proceeds $2.5M

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-020061
- JSON: https://secwatch.observer/filing/0001641172-25-020061.json
- Plain text: https://secwatch.observer/filing/0001641172-25-020061.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $2,755,000
  - Counterparty: Streeterville Capital, LLC
  - Rate: nine percent (9%) per annum
  - Maturity: eighteen (18) months following the date of issuance
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1178697/000164117225020061/0001641172-25-020061-index.htm

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