debt
confidence high
sentiment neutral
materiality 0.55
Sono Group extends convertible debenture maturities to Sept 1, 2025; receives additional $190K advance from Yorkville
Sono Group N.V.
- Extended maturity of four convertibles (aggregate $35.4M) from Aug 1 to Sept 1, 2025.
- Yorkville advanced $190,000 in new secured convertible debenture (Fifth Debenture) due Aug 6, 2026.
- Fifth Debenture carries 12% interest (18% on default); convertible at lower of $18.75 or 85% of 7-day VWAP.
- Termination dates of Securities Purchase and Exchange Agreements also extended to Sept 1, 2025.
- Remaining $1.56M from original $5M deal to be funded upon Nasdaq listing conditions.
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