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Sono Group N.V. Files Pro Forma Financials for Nasdaq Listing Application
SEVCF
Delisting/Listing Issues
Convertible Preferred Issuance
Debt Issuance
- Sono Group N.V. furnished unaudited pro forma condensed consolidated financial statements for the six months ended June 30, 2025, as part of its application for listing on the Nasdaq Capital Market.
- The pro forma financials reflect a strategic financial restructuring, including a new $5.0 million convertible debenture and the conversion of approximately €39.66 million of existing debt into preferred equity with Yorkville.
- This restructuring is designed to achieve a net equity of $4.815 million, surpassing the $4 million minimum required for Nasdaq listing.
- The Company's Nasdaq listing application is pending approval, with no assurance of its acceptance.
Sep 3, 2025, 10:54 AM
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