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Sono Group N.V. announced Thursday that it has received approval from Nasdaq to list its ordinary shares on the Nasdaq Capital Market. The company stated that trading of its shares under the ticker symbol NASDAQ:SSM is expected to begin Friday.
According to the press release statement, the approval follows Sono Group’s efforts to meet the initial listing requirements for the exchange. The company is incorporated in the Netherlands and is based in Munich, Germany.
The filing notes that the uplisting remains subject to the company’s continued compliance with Nasdaq’s listing standards. Sono Group also referenced recent agreements with YA II PN, Ltd., known as Yorkville, concerning securities purchases and exchanges, as well as ongoing efforts to maintain relationships with stakeholders given its current liquidity and capital structure.
Sono Group identified itself as an emerging growth company under U.S. securities regulations. There are currently no securities registered by the company under Section 12(b) of the Securities Exchange Act.
This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.
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