Sono Motors files registration statement for its proposed initial public offering

MUNICH, Germany, October 22, 2021 (GLOBE NEWSWIRE) – Sono Group NV (parent company of “Sono Motors GmbH”, “Sono Motors” or the “Company”) announced today that it has publicly filed a registration statement on Form F-1 with the United States Securities and Exchange Commission (the “SEC”) for an initial public offering (IPO) for its common stock. The amount of shares to be offered and the price range of the proposed offering have not yet been determined. Sono Motors intends to list its common stock on the Nasdaq Global Market under the ticker symbol “SEV”.

The Offer is subject to market conditions and there can be no assurance as to whether, or when, the Offer may be made or as to the size or actual conditions of the Offer.

Berenberg acts as the global coordinator of the proposed offer. Craig-Hallum will act as co-manager of the proposed offer.

The proposed offer will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, can be obtained from: Berenberg Capital Markets LLC, Attention: Investment Banking, 1251 Avenue of the Americas, 53rd Floor, New York, NY 10020, or by telephone at +1 646 949 9000, or by email at prospectusrequests@berenberg-us.com.

A registration statement on Form F-1 relating to the proposed sale of these securities has been filed with the SEC but has not yet come into effect. These securities may not be sold, nor offers to purchase may be accepted before the entry into force of the registration statement.

This press release is issued in accordance with Rule 134 of the Securities Act and does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities in a state or jurisdiction in which such offering, solicitation or sale would be illegal before registration or qualification under the securities laws of such state or jurisdiction.

ABOUT SONO MOTORS

Sono Motors’s pioneering mission is to accelerate the mobility revolution by making every vehicle solar. Its breakthrough solar technology has been developed to allow seamless integration into all types of vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility.

Sono Motors is developing the world’s first solar electric vehicle (SEV) for the masses, the Sion. With a strong community, Sono Motors has accumulated more than 14,000 reservations with advance payments for Sion. These vehicles will be subcontracted and deliveries to customers are expected to begin in the first half of 2023.

Unparalleled solar technology is also licensed to other manufacturers for application in vehicles such as buses, trailers, trucks, RVs, trains and boats.

Learn more about the company and products at www.sonomotors.com.

PRESS CONTACT SONO MOTORS

Jutta Carina Frisch | Mobile: +49 172 4888084 | E-mail: press@sonomotors.com
Christian Scheckenbach | Mobile: + 49 176 18050132 | E-mail: press@sonomotors.com

Website: www.sonomotors.com/press
Social media: Facebook | Instagram | Twitter | Youtube | LinkedIn

LEGEND OF FINANCIAL PROMOTION IN THE UNITED KINGDOM

In the United Kingdom, this press release is directed only to persons who (i) are investment professionals falling under section 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, such as amended (the “Order”). , or (ii) are persons falling under Article 49 (2) (a) to (d) of the Order (wealthy companies, unincorporated associations, etc.), or (iii) are persons who an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of securities may otherwise be legally communicated or required to be communicated (all these people being “Data subjects”). This press release is directed only to Relevant Persons and should not be used or relied upon by people who are not Relevant Persons. Any investment or investment activity to which this press release relates is only accessible to Relevant Persons and will only be undertaken with Relevant Persons.

EEA LEGEND

With regard to each member state of the European Economic Area, this press release is addressed only to any person or entity which is an accredited investor as defined in Article 2 (e) of Regulation (EU) 2017 / 1129 (all such persons together being referred to as “Qualified Investors”) and should not be used or relied upon by persons who are not Qualified Investors. Any investment or investment activity to which this press release relates is only accessible to Qualified Investors and will only be undertaken with Qualified Investors.

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. The words “expect”, “anticipate”, “intend to”, “plan”, “estimate”, “aim”, “anticipate”, “plan”, “target” and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the intentions, beliefs or current expectations of the Company concerning, among other things, the Company’s results of operations, its financial condition, its liquidity, its prospects, its growth, its strategies and the sector in which the Company operates. The forward-looking statements contained in this press release are based on numerous assumptions regarding the present and future business strategies of the Company and the environment in which the Company will operate in the future. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies, as they relate to events and depend on circumstances that may or may not occur in the future and may result in actual results, performance or achievements. of the Company materially different from those expressed or implied by these forward-looking statements. Many of these risks and uncertainties relate to factors that the Company is not in a position to control or estimate with precision, such as future market conditions, currency fluctuations, the behavior of other market players. market, actions of regulators and other factors such as the Company’s ability to continue to fund itself to meet its liquidity needs, changes in the political, social and regulatory framework in which the Company operates or trends or conditions economic or technological. In particular, the Company may decide not to proceed with a registered initial public offering within the timeframe it currently expects or not to proceed at all, due to a number of important potential factors, in particular the conditions on the American capital markets, the negative world economic conditions, the potential negative evolutions of the activity of the Company, or unfavorable or regulatory evolutions. Readers should therefore not place undue reliance on such statements, particularly in relation to a contract or investment decision. Except as required by law, the company assumes no obligation to update these forward-looking statements.

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