STOCK TITAN

DNA X (SONM) deregisters 350M common shares tied to Chardan resale

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
POS AM

Rhea-AI Filing Summary

DNA X, Inc. files a post-effective amendment to deregister 350,000,000 shares of common stock previously registered for resale by Chardan Capital Markets, LLC.

The amendment states all offerings under Form S-1 (File No. 333-290589) have been terminated and the registrant removes from registration any registered but unsold or unissued securities as of June 8, 2026.

Positive

  • None.

Negative

  • None.

Insights

Routine deregistration after the resale program was terminated.

This post-effective amendment formally terminates the resale registration related to a ChEF Purchase Agreement and removes any unsold or unissued shares previously registered for resale. The filing uses standard language to end the registration and preserve the registrant's prior undertaking.

Timing and cash-flow treatment are not included in the excerpt; subsequent filings would show any related cash movements or amended capital structure if applicable.

The amendment ends an at‑least-potential resale overhang of 350,000,000 shares.

The filing states the Registration Statement covered up to 350,000,000 shares issuable under the ChEF Purchase Agreement and that all offerings under the registration have been terminated. This removes those registered but unsold shares from the SEC registration.

Investor impact depends on whether any of those shares were issued off‑exchange earlier; the excerpt does not describe issuance or proceeds.

Registered shares 350,000,000 shares Resale registration under Form S-1 (File No. 333-290589)
Amendment date June 8, 2026 Date of Post-Effective Amendment No. 1
Purchase agreement date September 29, 2025 ChEF Purchase Agreement date referenced for issuable shares
Post-Effective Amendment regulatory
"to the Registration Statement on Form S-1 (File No. 333-290589)"
A post-effective amendment is an official update to a securities registration document filed after that document has become effective with regulators; it corrects, adds or replaces information about the securities, the company, or an offering. Investors care because it keeps the legal record current and can change what is being sold or the rights attached to shares — like getting a revised product manual after a launch that may affect value or use.
ChEF Purchase Agreement financial
"issuable pursuant to a ChEF Purchase Agreement, dated as of September 29, 2025"
deregister regulatory
"to deregister any and all securities of the Registrant registered but unsold or otherwise unissued"
Deregister is the act of removing a company’s securities from a public regulatory registry or ending their listing on a stock exchange; think of it like taking a car off public roads so it no longer needs public inspections. For investors, deregistration matters because it usually reduces required public disclosures, can make shares harder to buy or sell, and increases uncertainty about the company’s finances and governance due to lower transparency and liquidity.
Offering Type resale/secondary
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As filed with the Securities and Exchange Commission on June 8, 2026

 

Registration No. 333-290589

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM S-1
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

 

 

DNA X, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   94-3336783

(State or other jurisdiction of

incorporation or organization)

  (I.R.S. Employer
Identification Number)

 

4445 Eastgate Mall, Suite 200

San Diego, CA 92121

(661) 618-7580

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

 

 

Clay Crolius

Chief Financial Officer

DNA X, Inc.

4445 Eastgate Mall, Suite 200

San Diego, CA 92121

(661) 618-7580

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

 

 

With copies to:

John Egan

Justin Anslow

Goodwin Procter LLP

100 Northern Avenue

Boston, Massachusetts 02210

(617) 570-1000

 

 

 

Approximate date of commencement of proposed sale to the public: Not applicable

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box: ☐

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

 

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer Accelerated filer
Non-accelerated filer Smaller reporting company
    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 7(a)(2)(B) of the Securities Act. ☐

 

 

 

 

 

 

DEREGISTRATION OF SECURITIES

 

DNA X, Inc., a Delaware corporation (the “Registrant”), is filing this Post-Effective Amendment No. 1 to the Registration Statement on Form S-1 (File No. 333-290589) (the “Registration Statement”) to deregister any and all securities of the Registrant registered but unsold or otherwise unissued under the Registration Statement as of the date hereof.

 

The Registration Statement pertains to the registration for resale by Chardan Capital Markets, LLC (“Chardan”) of up to 350,000,000 shares of the Registrant’s common stock, par value $0.001 per share, issuable pursuant to a ChEF Purchase Agreement, dated as of September 29, 2025, by and between the Registrant and Chardan.

 

Any and all offerings of the Registrant’s securities pursuant to the Registration Statement have been terminated. Accordingly, the Registrant hereby terminates the effectiveness of the Registration Statement. In accordance with an undertaking made by the Registrant in the Registration Statement to remove from registration, by means of a post-effective amendment, any of the securities being registered that remain unsold at the termination of the offering, the Registrant hereby removes from registration all securities that were registered but unsold or otherwise unissued under the Registration Statement as of the date hereof.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this post-effective amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Diego, State of California, on June 8, 2026.

 

  DNA X, INC.
     
  By: /s/ Clay Crolius
  Name: Clay Crolius
  Title Chief Financial Officer

 

No other person is required to sign this Post-Effective Amendment in reliance upon Rule 478 under the Securities Act of 1933, as amended.

 

 

 

 

FAQ

What did DNA X (SONM) file on June 8, 2026?

DNA X filed a post-effective amendment to deregister 350,000,000 shares previously registered for resale by Chardan. The amendment states the offering under the referenced Form S-1 was terminated and removes unsold or unissued registered securities.

Who was the registered seller under the Form S-1 registration?

The resale registration named Chardan Capital Markets, LLC as the selling party for up to 350,000,000 shares. The amendment specifically references the ChEF Purchase Agreement dated September 29, 2025.

Does the amendment say the 350,000,000 shares were issued or sold?

No. The amendment states the registrant removes from registration any securities that were registered but unsold or otherwise unissued as of the amendment date, without describing actual issuance or sales proceeds.

What is the legal effect of this post-effective amendment?

The amendment terminates effectiveness of the referenced Registration Statement and removes unsold or unissued securities from registration, fulfilling the registrant's undertaking to remove unsold registered securities upon termination.