---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-023214"
form_type: "8-K"
ticker: "SONM"
cik: "0001178697"
company_name: "DNA X, Inc."
filed_at: "2025-08-12T23:59:59+00:00"
generated_at: "2026-05-17T14:17:12.220649+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sonim enters €3M factoring at 15% discount, cuts warrant exercise price to $0.75

## Summary
- Entered factoring agreement with Tradewind GmbH; eligible receivables purchased at 15% discount; max financing €3M.
- Interest on facility is greater of 4.0% or EURIBOR + 3.5%; late fee 0.18% at 95 days.
- Amended subscription agreements to reduce warrant exercise price to $0.75 per share.
- Compensation committee granted cash award to non-employee directors in lieu of RSUs due to insufficient shares under equity plan.

## SEC filing metadata
- accession: 0001641172-25-023214
- form_type: 8-K
- ticker: SONM
- cik: 0001178697
- company_name: DNA X, Inc.
- filed_at: 2025-08-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1178697/000164117225023214/0001641172-25-023214-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1178697/000164117225023214/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-023214
- JSON: https://secwatch.observer/filing/0001641172-25-023214.json
- Plain text: https://secwatch.observer/filing/0001641172-25-023214.txt

## Source-grounded claims
- claim_id: b399124f9ec1a465d251794a2eb75c0465b24b17
  claim: DNA X, Inc. incurred debt of €3 million with Tradewind GmbH at the greater of 4.00% or EURIBOR plus 3.50% maturing twelve (12) months, subject to an automatic annual extension, unless terminated.
  evidence_excerpt: Tradewind will provide receivables factoring to the Company. Pursuant to the terms of the Factoring Agreement, eligible receivables will be purchased by Tradewind at a 15% discount to their face value. The maximum financing amount of the factoring facility is €3 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1178697/000164117225023214/0001641172-25-023214-index.htm

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