Sono Motors Announces Follow-on Offering
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.
- 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.
- Sono Motors intends to use the net proceeds from this proposed offering to cover some of the capital needed until the start of production of its solar electric vehicle, the Sion.
- These forward-looking statements are statements regarding the Company's intentions, beliefs, or current expectations, and include statements relating to the contemplated offering of ordinary shares by Sono Motors including intended use of proceeds, statements about Sono Motors' business including reservations, technology and production, and other non-historical statements.