Sono Group N.V. (parent company to Sono Motors GmbH) has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) for its common shares.
The amount of shares to be offered and the price range for the proposed offering have not yet been determined. Sono Motors intends to list its common shares on the Nasdaq Global Market under the ticker symbol “SEV.”
The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering.
Berenberg is acting as global coordinator for the proposed offering. Craig-Hallum will act as co-manager for the proposed offering.
Sono Motors is on a pioneering mission to accelerate the revolution of mobility by making every vehicle solar, and is currently developing the world’s first solar electric vehicle (SEV) for the masses, called the Sion. Empowered by a strong community, Sono Motors has amassed more than 14,000 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.
Learn more about the company and products at www.sonomotors.com.
