Sono Group secures $1M immediate convertible debenture from Yorkville, part of $5M facility

Sono Group N.V.

Entered Omnibus Amendment to existing securities purchase agreement with YA II PN, Ltd. (Yorkville) on Feb 12, 2025.
Received $1,000,000 advance via secured convertible debenture (Advance Debenture) maturing Feb 12, 2026; total facility remains $5,000,000.
Interest at 12% annually (18% on default); conversion price is lower of $18.75 per share or 85% of 7-day VWAP, subject to floor price and nominal value.
Company continues working with Nasdaq to meet requirements for listing on the Nasdaq Capital Market.
Net proceeds of $1,000,000; funding supports ongoing operations and uplisting efforts.

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