Sonim Technologies (NASDAQ:SONM) is set to abandon its decades-long history in the rugged mobile device market following shareholder approval of an asset purchase agreement with NEXA (formerly Social Mobile).
At a special meeting held on December 30, 2025, investors greenlit the sale of substantially all assets tied to the company’s enterprise 5G solutions, rugged handsets, and hotspots.
The transaction, valued at $15 million in cash with a potential $5 million earn-out, is expected to close in January 2026.
The move marks a dramatic strategic pivot for the San Diego-based firm, which has provided mission-critical hardware to first responders and Fortune 500 companies since 1999.
NEXA will acquire the Sonim brand and device portfolio, continuing to manufacture and support the products for existing carrier channels.
For the public entity, the sale provides a necessary infusion of capital to fund its new venture: DNA X.
Acquired by Sonim earlier in December 2025, DNA X operates an on-chain trading protocol designed to automate decentralized exchange (DEX) activities, such as limit and grid orders.
The company plans to use the transaction proceeds to retire existing debt and provide working capital for its DeFi operations.
Within 30 days of the closing, the company intends to change its name to "DNA X, Inc." and transition its Nasdaq ticker symbol from "SONM" to "DNAX."
The transition follows a turbulent year for Sonim, which underwent a 1-for-18 reverse stock split in October to maintain its Nasdaq listing.
While the pivot into the high-growth DeFi ecosystem offers a potential reset for the micro-cap firm, it also replaces a hardware-centric business model with the volatility of the cryptocurrency sector.