Sono Group N.V., parent company to Sono Motors GmbH, has commenced an initial public offering of 10,000,000 common shares.
The initial public offering price is expected to be between $14 and $16 per share. The company intends to grant 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 trade on the Nasdaq Global Market under the ticker symbol “SEV.”
Berenberg is acting as global coordinator for the proposed offering. Craig-Hallum will act as co-manager for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, 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 [email protected].
