Sono Group (SEV) Announces 10M Share Follow-on Offering

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Go back to Sono Group (SEV) Announces 10M Share Follow-on Offering

Sono Motors Announces Follow-on Offering

April 26, 2022 4:10 PM EDT

MUNICH, Germany, April 26, 2022 (GLOBE NEWSWIRE) -- Sono Group N.V. (Nasdaq: SEV; Sono Motors or the Company) announced today the launch of a proposed follow-on offering of 10,000,000 ordinary shares, all of which are being offered by the Company. In addition, Sono Motors expects to grant the underwriters an option, to purchase up to an additional 1,500,000 ordinary shares. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

Sono Motors intends to... More