Sono Group N.V. (Nasdaq: SEV; “Sono Motors” or the “Company”)
announced today the pricing of its follow-on offering of 10,000,000
ordinary shares at a price to the public of $4.00 per share. In
addition, Sono Motors has granted the underwriters a 30-day option
to purchase up to an additional 1,500,000 ordinary shares at the
public offering price less underwriting discounts. The offering is
expected to close on May 3, 2022, subject to customary closing
conditions.
Sono Motors intends to use the net proceeds from this offering
to cover some of the capital needed until the start of production
of its solar electric vehicle, the Sion.
Berenberg, Cantor Fitzgerald & Co., and B. Riley Securities
are acting as book-running managers for the offering. Craig-Hallum
and Wedbush Securities are acting as co-managers for the
offering.
A registration statement on Form F-1 relating to the shares
being sold in this offering has been filed with the SEC and was
declared effective on April 28, 2022. This offering is being made
only by means of a prospectus which, for the avoidance of doubt,
will not constitute a “prospectus” for the purposes of the
Regulation (EU) 2017/1129 (the Prospectus Regulation) and has not
been reviewed by any competent authority in any member state in the
European Economic Area. 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, Cantor Fitzgerald & Co.,
Attention: Capital Markets, 499 Park Avenue, New York, NY 10022, or
by email at prospectus@cantor.com, and B. Riley Securities, Inc.,
Attention: Prospectus Department, 1300 17th Street North, Suite
1300, Arlington, Virginia 22209, or by telephone at +1 703 312
9580, or by email at prospectuses@brileyfin.com.
This press release is being issued pursuant to Rule 134 under
the Securities Act of 1933 and is neither an offer to sell nor 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 17,000 reservations
with advance payments for the Sion. These vehicles will be produced
through contract manufacturing.
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 CONTACTChristian Scheckenbach | Mobile:
+49(0)17618050132E-Mail: press@sonomotors.com |
Website: www.sonomotors.com/press
NOTICE TO PERSONS IN THE UNITED KINGDOMIn the
United Kingdom, this press release is only directed at qualified
investors (as defined in Regulation (EU) 2017/1129 as it forms part
of domestic law in the United Kingdom by virtue of the European
Union (Withdrawal) Act 2018) 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.
NOTICE TO PERSONS IN THE EEAIn 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 STATEMENTSThis press release
includes forward-looking statements. The words "expect",
"anticipate", "intend", "plan", "estimate", "aim", "forecast",
"project", "target", “will” 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, and include
statements relating to the 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. 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. These risks, uncertainties and
assumptions include, but are not limited to (i) the impact of the
global COVID-19 pandemic on the global economy, our industry and
markets as well as our business, (ii) risks related to our limited
operating history, the rollout of our business and the timing of
expected business milestones including our ability to complete the
engineering of our vehicles and start of production on time and
budget and risks related to future results of operation, (iii)
risks related to our unproven ability to develop and produce
vehicles and with expected or advertised specifications including
range, and risks relating to required funding, (iv) risks related
to our ability to monetize our solar technology, (v) risks relating
to the uncertainty of the projected financial information with
respect to our business including the conversion of reservations
into binding orders, (vi) effects of competition and the pace and
depth of electric vehicle adoption generally and our vehicles in
particular on our future business and (vii) changes in regulatory
requirements, governmental incentives and fuel and energy prices.
For additional information concerning some of the risks,
uncertainties and assumptions that could affect our forward-looking
statements, please refer to the Company’s filings with the U.S.
Securities and Exchange Commission (“SEC”), which are accessible on
the SEC’s website at www.sec.gov and on our website at
ir.sonomotors.com. Many of the risks and uncertainties identified
in these filings 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.
Sono Group NV (NASDAQ:SEV)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Sono Group NV (NASDAQ:SEV)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024