secwatch.observer — SEC 8-K summary
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Issuer:     Sono Group N.V. (SSM)
CIK:        0001840416
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001171843-26-001054
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840416/000117184326001054/0001171843-26-001054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840416/000117184326001054/f8k_022426.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-001054

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