Sono Group issues $750,000 convertible debenture to Yorkville with 12% interest and variable conversion price

Sono Group N.V.

Issued $750,000 convertible debenture to YA II PN, Ltd. (Yorkville) on February 19, 2026.
Debenture carries 12% annual interest, increasing to 18% upon an Event of Default.
Maturity date is February 19, 2027, extendable at Yorkville's option.
Conversion price is lower of $18.75 per share or 85% of lowest VWAP over prior 7 trading days.
Net proceeds to Sono Group were $750,000 from the private placement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Sono Group N.V. entered into Convertible Debenture with YA II PN, Ltd. valued at $750,000 aggregate principal amount (effective 2026-02-19).

Action: entry
Agreement: notes offering
Counterparty: YA II PN, Ltd.
Value: $750,000 aggregate principal amount
Effective: 2026-02-19

Exact text from the filing

On February 19, 2026, Sono Group N.V. (the “Company”) issued a convertible debenture (the “Debenture”) to YA II PN, Ltd. (“Yorkville”) in the aggregate principal amount of $750,000.

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Source: SEC EDGAR

accession 0001171843-26-001054

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