SONM
Sonim Technologies, Inc.5.16
-0.34-6.18%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
5.62MP/E (TTM)
-Basic EPS (TTM)
-100.98Dividend Yield
0%Recent Filings
8-K
Mulica named acting CEO
DNA X appointed Mike Mulica, its 62-year-old executive chairman since October 2025, as acting CEO effective February 9, 2026, boosting his base salary to $450,000 and granting 50,000 RSUs vesting monthly over a year. CFO Clay Crolius received 35,000 RSUs after the January 23 asset sale triggered his agreement changes, plus six months COBRA reimbursement. Leadership stabilized post-sale.
8-K
CEO, CCO resign; crypto director joins
DNA X lost CEO Peter Liu on January 30, 2026, and CCO Charles Becher on January 29, with $855,000 and $250,000 severance payouts respectively, plus equity acceleration. Board tapped Scott Walker, DNA Holdings co-founder and crypto veteran, as replacement director. Leadership shakeup signals investor sway. Clean exits, no disagreements.
8-K
Asset sale closes, rebrands to DNA X
DNA X, Inc. closed its asset sale of the enterprise 5G solutions business to Pace Car Acquisition LLC on January 23, 2026, retaining $6.2 million in Post-Closing Cash after $5.4 million debt prepayment and expenses. It shed its Sonim Technologies name for a pivot to on-chain trading protocol development. Nasdaq compliance restored—for now.
8-K
Stockholders approve asset sale.
Sonim Technologies stockholders approved the Asset Sale Proposal on December 30, 2025, greenlighting the July 17 asset purchase agreement with Pace Car Acquisition LLC for its Legacy Business—rugged handsets, smartphones, and 5G solutions. With 761,808 votes for versus 124,170 against (59.6% quorum), the deal advances. They also advisory-approved executive compensation.
8-K
Sonim buys DeFi firm for shares
Sonim Technologies acquired 100% of DNA X LLC, a DeFi trading protocol, for 223,201 shares (19.99% of outstanding common stock) and issued a $1.2M convertible note at 10% interest, maturing December 15, 2026, to DNA Holdings on December 15, 2025. DNA gains board and officer designation rights above 5% ownership, plus a put option if DNA X misses $600M trading volume or $1M daily revenue by June 30, 2026. Shares issued; Streeterville note exchanged separately.
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