Sono Group N.V. (SEV) Prices 10M Share IPO at $15/sh

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Go back to Sono Group N.V. (SEV) Prices 10M Share IPO at $15/sh

Sono Motors Announces Pricing of Initial Public Offering

November 16, 2021 10:38 PM EST

MUNICH, Germany, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Sono Group N.V. (parent company to Sono Motors GmbH, Sono Motors or the Company) announces the pricing of its initial public offering of 10,000,000 common shares at a price to the public of $15.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common shares at the initial public offering price. The common shares are expected to begin trading on the Nasdaq Global Market on November 17, 2021, under the ticker symbol SEV. The offering is expected to close on November 19, 2021, subject to customary closing conditions.

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