Sono Group raises $5M via pre-funded warrant and convertible debenture; dilution risk with variable conversion

Sono Group N.V.

Raised $2M via pre-funded warrant for 283,367 shares at €0.01 exercise price; $3M via 12% convertible debenture due March 2027.
Convertible debenture conversion price is lower of $18.75 or 85% of 7-day VWAP, subject to floor price, creating variable dilution.
Proceeds from both tranches to be used for working capital; Yorkville gets registration rights with 1% monthly liquidated damages if delayed.
The pre-funded warrant and conversion shares may dilute existing holders; Yorkville's ownership capped at 4.99% (can increase to 9.99%).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sono Group N.V. entered into Pre-Funded Warrant Securities Purchase Agreement with YA II PN, Ltd. (Yorkville) valued at $2,000,004.29 (effective 2026-03-10).

Action: entry
Agreement: equity purchase
Counterparty: YA II PN, Ltd. (Yorkville)
Value: $2,000,004.29
Effective: 2026-03-10

Exact text from the filing

On March 10, 2026, Sono Group N.V. (the “Company”) entered into a Pre-Funded Warrant Securities Purchase Agreement, dated March 10, 2026 (the “Securities Purchase Agreement”), between the Company and YA II PN, Ltd. (“Yorkville”), for a private placement (the “Private Placement”) of securities.

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317 material agreements filed in the last 30 days. Browse all material agreements →

Sono Group N.V. filing history →

Source: SEC EDGAR

accession 0001171843-26-001464

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