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The latest update is out from Sonim Technologies ( (SONM) ).
On January 23, 2026, Sonim Technologies implemented an amendment to its asset purchase agreement tied to the sale of its legacy business, replacing a planned escrow with a $1.5 million holdback at closing to cover purchase price adjustments and indemnification obligations, with any unused balance to be released after nine months and the company obligated to fund any shortfall. The amendment also revised indemnification terms, imposed a 60-day deadline to secure certain contract assignment consents, and coincided with the prepayment and termination of two promissory notes totaling approximately $5.4 million, simplifying the company’s capital structure. On the same closing date, the company changed its corporate name to DNA X, Inc. via a charter amendment filed in Delaware, with the board approving the move without a shareholder vote, and on January 27, 2026, it announced the rebrand and strategic pivot to digital asset management operations, centered on its DNA X trading platform. Following consummation of the asset sale, the company now believes it has regained compliance with Nasdaq’s $2.5 million stockholders’ equity requirement, potentially easing prior delisting risk, although Nasdaq’s final determination and ongoing monitoring may still affect its listing status.
The most recent analyst rating on (SONM) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Sonim Technologies stock, see the SONM Stock Forecast page.
Spark’s Take on SONM Stock
According to Spark, TipRanks’ AI Analyst, SONM is a Neutral.
The score is held down primarily by weak financial performance (heavy losses, significant cash burn, and negative equity). Technicals are supportive in the near term but look overbought, while valuation is constrained by ongoing losses. Corporate events are a modest positive (divestiture approval and Nasdaq compliance).
To see Spark’s full report on SONM stock, click here.
More about Sonim Technologies
DNA X, Inc., formerly Sonim Technologies, has transitioned from its legacy rugged mobile phone business into a digital asset management and trading platform following the sale of its handset assets to NEXA. Leveraging the digital asset trading platform it acquired in December 2025, the San Diego-based company is repositioning itself to capitalize on the growth of global digital assets, while remaining listed on Nasdaq under the temporary ticker SONM ahead of a planned change to DNAX.
Average Trading Volume: 57,493
Technical Sentiment Signal: Sell
Current Market Cap: $10.9M
See more insights into SONM stock on TipRanks’ Stock Analysis page.