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In a recent SEC filing, Sono Group N.V., a semiconductor company based in the Netherlands, disclosed its submission of unaudited pro forma financial information as part of its application for listing on the Nasdaq Capital Market. The filing, dated May 20, 2025, includes a pro forma condensed consolidated balance sheet and income statement for the three months ending March 31, 2025.
The pro forma financials reflect the impact of several agreements with YA II PN, Ltd., also known as Yorkville, which include a financing commitment of $5 million through a convertible debenture and the exchange of preferred shares for existing debentures. These transactions are contingent upon Nasdaq’s approval of the company’s listing application.
The agreements with Yorkville also involve amendments that provide for immediate advances totaling $2.5 million in secured convertible debentures. The details of these transactions and amendments can be found in Sono Group’s previous SEC filings, including a Form 6-K filed on December 30, 2024, and Form 8-Ks filed on February 13, March 7, March 26, and April 25, 2025.
It is important to note that the successful listing of Sono Group’s ordinary shares on Nasdaq is not guaranteed, as the application is still under review and no assurance can be given that it will be approved.
This report is based on information from a press release statement filed with the SEC.
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