Sono Group (SEV) Prices 10M Share Follow-on Offering at $4/sh
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Sono Motors Announces Pricing of Follow-on Offering
April 29, 2022 1:32 AM EDTMUNICH, Germany, April 29, 2022 (GLOBE NEWSWIRE) -- Sono Group N.V. (Nasdaq: SEV; Sono Motors or the Company) announced today the pricing of its follow-on offering of 10,000,000 ordinary shares at a price to the public of $4.00 per share. In addition, Sono Motors has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 ordinary shares at the public offering price less underwriting discounts. The offering is expected to close on May 3, 2022, subject to customary closing conditions.
Sono Motors intends to use the net proceeds from this offering to cover some of the capital needed until the start of production... More
