Sono Motors Announces Pricing of Initial Public Offering
17 Novembro 2021 - 12:38AM
Sono Group N.V. (parent company to “Sono Motors GmbH”, “Sono
Motors” or the “Company”) announces the pricing of its initial
public offering of 10,000,000 common shares at a price to the
public of $15.00 per share. In addition, the Company has granted
the underwriters a 30-day option to purchase up to an additional
1,500,000 common shares at the initial public offering price. The
common shares are expected to begin trading on the Nasdaq Global
Market on November 17, 2021, under the ticker symbol “SEV”. The
offering is expected to close on November 19, 2021, subject to
customary closing conditions.
Berenberg is acting as sole global coordinator for the proposed
offering. Craig-Hallum is acting as co-manager for the proposed
offering.
A registration statement on Form F-1 relating to the shares
being sold in this offering has been filed with the Securities and
Exchange Commission and was declared effective on November 16,
2021. The offering is being made only by means of a prospectus.
Copies of the prospectus may be obtained from Berenberg Capital
Markets LLC, Attention: Investment Banking, 1251 Avenue of the
Americas, 53rd Floor, New York, NY 10020, or by telephone at +1 646
949 9000, or by email at prospectusrequests@berenberg-us.com.
This press release is being issued pursuant to Rule 134 under
the U.S. Securities Act, and is neither an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities law of any
such state or jurisdiction.
ABOUT SONO MOTORS
Sono Motors is on a pioneering mission to
accelerate the revolution of mobility by making every vehicle
solar. Its disruptive solar technology has been developed to enable
seamless integration into all types of vehicles to reduce the
impact of CO2 emissions and pave the way for climate-friendly
mobility.
Sono Motors is developing the world’s first solar electric
vehicle (SEV) for the masses, the Sion. Empowered by a strong
community, Sono Motors has amassed more than 16,000 reservations
with advance payments for the Sion. These vehicles will be produced
through contract manufacturing with customer deliveries expected to
begin in the first half of 2023.
The unmatched solar technology is also being licensed to other
manufacturers for application in vehicles such as buses, trailers,
trucks, camper vans, trains and boats.
PRESS CONTACT
Sono MotorsChristian Scheckenbach | Mobile:
+49(0)17618050132E-Mail: press@sonomotors.com | Website:
www.sonomotors.com/press
Finsbury Glover HeringMichael Mittelman |
E-Mail: SonoMotors-US@fgh.com
UK FINANCIAL PROMOTION LEGEND
In the United Kingdom, this press release is only directed at
persons who (i) are investment professionals falling within Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the “Order”), or (ii) are
persons falling within Article 49(2)(a) to (d) of the Order (high
net worth companies, unincorporated associations, etc.), or (iii)
are persons to whom an invitation or inducement to engage in an
investment activity (within the meaning of section 21 of the
Financial Services and Markets Act 2000) in connection with the
issue or sale of any securities may otherwise be lawfully
communicated or caused to be communicated (all such persons
together being referred to as “Relevant Persons”). This press
release is directed only at Relevant Persons and must not be acted
on or relied on by persons who are not Relevant Persons. Any
investment or investment activity to which this press release
relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.
EEA LEGEND
In relation to each member state of the European Economic Area,
this press release is only directed at any person or entity that is
a qualified investor as defined in Article 2(e) of Regulation (EU)
2017/1129 (all such persons together being referred to as
“Qualified Investors”) and must not be acted on or relied on by
persons who are not Qualified Investors. Any investment or
investment activity to which this press release relates is
available only to Qualified Investors and will be engaged in only
with Qualified Investors.
FORWARD-LOOKING STATEMENTS
This press release may include forward-looking statements. The
words "expect", "anticipate", "intends", "plan", "estimate", "aim",
"forecast", "project", "target" and similar expressions (or their
negative) identify certain of these forward-looking statements.
These forward-looking statements are statements regarding the
Company's intentions, beliefs or current expectations.
Forward-looking statements involve inherent known and unknown
risks, uncertainties and contingencies because they relate to
events and depend on circumstances that may or may not occur in the
future and may cause the actual results, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward looking statements. Many of
these risks and uncertainties relate to factors that are beyond the
Company's ability to control or estimate precisely, such as the
actions of regulators and other factors. Readers should therefore
not place undue reliance on these statements, particularly not in
connection with any contract or investment decision. Except as
required by law, the company assumes no obligation to update any
such forward-looking statements.
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