secwatch.observer — SEC 8-K summary
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Issuer:     Sono Group N.V. (SSM)
CIK:        0001840416
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001171843-25-000803
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840416/000117184325000803/0001171843-25-000803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840416/000117184325000803/f8k_021325.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-000803

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