secwatch.observer — SEC 8-K summary
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Issuer:     Sono Group N.V. (SSM)
CIK:        0001840416
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001171843-25-003334
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sono Group files pro forma financials for Nasdaq listing; $5M Yorkville debenture conversion to preferred shares
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- Provided pro forma balance sheet and income statement for Nasdaq listing application; approval not yet received.
- New $5.0M secured convertible debenture from Yorkville; $2.5M subject to Nasdaq approval.
- All existing convertible debentures (€37.8M) to be exchanged for 1,242 preferred shares (€300 nominal each).
- Pro forma net equity of €4.31M ($4.66M) and cash of €3.65M after recapitalization.
- Reverse stock split of 75:1 anticipated in connection with the listing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840416/000117184325003334/0001171843-25-003334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840416/000117184325003334/f8k_052025.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-003334

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