debt
confidence high
sentiment neutral
materiality 0.70
Sono Group receives additional $750K secured convertible debenture from Yorkville under amended SPA
Sono Group N.V.
- Yorkville advanced $750K secured convertible debenture, 12% interest, maturing May 27, 2026.
- Fourth advance under SPA; aggregate principal upon closing conditions will be $1.75M.
- Conversion price is lower of $18.75 or 85% of lowest 7-day VWAP.
- Net proceeds to Sono Group were $750,000.
- Obligations conditioned on Nasdaq listing approval of ordinary shares.
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