Sono Motors Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
19 Novembro 2021 - 7:00PM
Sono Group N.V. (NASDAQ: SEV) (parent company to “Sono Motors
GmbH”, “Sono Motors” or the “Company”) announced today the closing
of its initial public offering of an aggregate of 11,500,000 common
shares at a price to the public of $15.00 per share, including the
full exercise by the underwriters of their option to purchase up to
1,500,000 additional common shares. The net proceeds from the
offering to the Company, after deducting underwriting discounts and
commissions and estimated offering expenses payable by the Company,
were approximately $156.1 million.
The common shares began trading on the Nasdaq Global Market
under the symbol "SEV" on November 17, 2021.
Berenberg acted as sole global coordinator for the proposed
offering. Craig-Hallum acted as co-manager for the proposed
offering.
A registration statement on Form F-1 relating to these
securities was previously filed with the SEC (File Number:
333-260432) and declared effective by the SEC on November 16, 2021.
Copies of the registration statement can be accessed by visiting
the SEC website at www.sec.gov. This offering was made only by
means of a prospectus. A copy of the final prospectus relating to
the offering 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 does not constitute an offer to sell or the
solicitation of an offer to buy any 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
registration or qualification under the securities laws 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.
Sono Motors' proprietary solar technology has
been engineered to enable integration and licensing for a wide
range of vehicle architectures that go far beyond the Sion, 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
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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