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Sono Group N.V. has submitted unaudited pro forma condensed consolidated financial statements as of and for the six months ended June 30, 2025, as part of its application for listing on the Nasdaq Capital Market. The company, based in Munich, Germany, disclosed this information Wednesday in a statement filed with the Securities and Exchange Commission.
According to the filing, the pro forma financial information reflects the impact of a series of previously disclosed financing agreements with YA II PN, Ltd. (Yorkville), initiated on December 30, 2024. Under these agreements, Yorkville committed to provide Sono Group with up to $5 million in limited financing through a convertible debenture, subject to certain conditions, including approval of the company’s Nasdaq listing application.
The financing arrangements included several amendments between February and May 2025, resulting in immediate advances to Sono Group. These advances were issued as secured convertible debentures in the amounts of $1 million (February 12, 2025), $1 million (March 25, 2025), $500,000 (April 24, 2025), and $750,000 (May 26, 2025). The agreements also provide for the issuance of 1,242 shares of preferred stock to Yorkville, each with a nominal value of €300, in exchange for the cancellation of all debentures held by Yorkville, subject to certain conditions.
The company stated that, as a final adjustment to net equity, Yorkville will add an additional $2.2 million (€1.85 million) in secured convertible debentures if Nasdaq approves Sono Group’s request to uplist to the Nasdaq Capital Market.
Sono Group noted that its listing application has not yet been approved by Nasdaq, and there is no assurance that approval will be granted.
This information is based on a press release statement included in the company’s SEC filing. At this time, Sono Group does not have securities registered for trading on any exchange.
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