Form 8-K
8-K — DNA X, Inc.
Accession: 0001493152-26-027295
Filed: 2026-06-04
Period: 2026-05-29
CIK: 0001178697
SIC: 3661 (TELEPHONE & TELEGRAPH APPARATUS)
Item: Termination of a Material Definitive Agreement
Item: Financial Statements and Exhibits
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): May 29, 2026
DNA
X, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
001-38907
94-3336783
(State
or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS
Employer
Identification No.)
4445
Eastgate Mall, Suite 200
San
Diego, CA
92121
(Address
of principal executive offices)
(Zip
Code)
Registrant’s
telephone number, including area code: (661) 618-7580
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, par value $0.001 per share
SONM
The
Nasdaq Stock Market LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.02
Termination
of a Material Definitive Agreement.
As
previously disclosed, on September 29, 2025, DNA X, Inc. (the “Company”) and Chardan Capital Markets LLC (“Chardan”)
entered into a ChEF Purchase Agreement (the “ChEF Agreement”) pursuant to which Chardan committed to purchase, subject to
certain limitations and conditions set forth in the ChEF Agreement, up to $500 million of shares of the Company’s common stock,
par value $0.001 per share, and a Registration Rights Agreement (the “Registration Rights Agreement”) providing Chardan with
certain registration rights with respect the shares of common stock purchasable under the ChEF Agreement.
On
May 29, 2026, the Company and Chardan entered into a letter agreement pursuant
to which they agreed, among other things, to terminate, effective as of 5:00 p.m., New York City time, on May 28, 2026, the ChEF Agreement
and Registration Rights Agreement.
The
foregoing descriptions of the ChEF Agreement and Registration
Rights Agreement do not purport to be complete and are qualified in their entirety by reference to the full text thereof, copies of which
were filed
as Exhibits 10.1 and 10.2 to
the Company’s current report on Form 8-K filed with the Securities and Exchange Commission on September
29, 2025.
Item
9.01
Financial
Statements and Exhibits.
(d)
Exhibits
Exhibit
Number
Description
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
DNA
X, INC.
Date:
June
4, 2026
By:
/s/
Clayton Crolius
Name:
Clayton
Crolius
Title:
Chief
Financial Officer
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May 29, 2026
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Entity File Number
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Entity Registrant Name
DNA
X, Inc.
Entity Central Index Key
0001178697
Entity Tax Identification Number
94-3336783
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
4445
Eastgate Mall
Entity Address, Address Line Two
Suite 200
Entity Address, City or Town
San
Diego
Entity Address, State or Province
CA
Entity Address, Postal Zip Code
92121
City Area Code
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Local Phone Number
618-7580
Written Communications
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Title of 12(b) Security
Common
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Trading Symbol
SONM
Security Exchange Name
NASDAQ
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