This strategic initiative is set to boost liquidity, broaden the company’s investor base, and solidify Sono’s standing in the worldwide solar technology sector
Munich, Sept. 05, 2025 – The solar technology firm (NASDAQ: SSM), known as “Sono” or the “Company” (the parent entity of Sono Motors GmbH, referred to as “SonoSolar” or “Subsidiary”), confirmed today that its ordinary shares have been approved for uplisting from the OTCQB Venture Market to the Nasdaq Capital Market. Trading of the Company’s shares on Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “SSM” is anticipated to begin today, Friday, September 5, 2025.
The transition to Nasdaq marks a pivotal achievement in Sono’s expansion, highlighting its improved financial stability, achieved by converting debt into preferred equity, and its steadfast dedication to boosting shareholder value. This move is projected to improve liquidity, draw in a wider and more varied investor group, and heighten the Company’s profile across international capital markets.
“Becoming listed on Nasdaq signifies a transformational event for Sono and our investors,” stated George O’Leary, Managing Director and CEO of Sono Group. “We anticipate this step will boost our progress by making us accessible to institutional investors and generating renewed enthusiasm among our current shareholders. This process has been lengthy, and I am grateful for the unwavering commitment and effort of our whole team, the ongoing backing from our shareholders, and the assistance of Donohoe and Associates in facilitating our Nasdaq uplisting. This moment represents just the start of a new chapter and fresh prospects for ‘SSM’.”
Sono has fulfilled all Nasdaq Capital Market listing prerequisites, encompassing financial, corporate governance, and regulatory standards. This uplisting is consistent with the Company’s long-range strategic objective to broaden its global presence and propel its progress in future technological innovations.
Sono maintains its dedication to providing enduring value to its shareholders through innovation, operational distinction, and controlled expansion. Investors and stakeholders should anticipate subsequent updates as the Company commences this thrilling new phase.
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REGARDING SONO GROUP N.V.
Sono Group N.V. (NASDAQ: SSM) and its entirely owned subsidiary Sono Motors GmbH, operating as SonoSolar, are dedicated to a pioneering effort to expedite the transformation of mobility by solar-powering every commercial vehicle. Our innovative solar technology has been engineered for effortless incorporation into various commercial vehicle types, aiming to diminish CO2 emissions and foster environmentally conscious mobility. To learn more about Sono Group N.V., Sono Motors, and their solar offerings, please visit sonogroupnv.com and sonomotors.com. Connect with us on social media: LinkedIn, Facebook, BlueSky, Truth Social, and X.
PROSPECTIVE STATEMENTS
This press release may contain forward-looking statements. Terms such as “expect,” “anticipate,” “intend,” “plan,” “estimate,” “aim,” “forecast,” “project,” “target,” “will,” and analogous expressions (or their negative forms) identify certain forward-looking statements. These forward-looking statements encompass, but are not confined to, declarations concerning the anticipated effects of uplisting to the Nasdaq Capital Market and the intentions, convictions, or present expectations of the Company and its subsidiary Sono Motors GmbH (collectively, the “companies”). Forward-looking statements inherently involve known and unknown risks, uncertainties, and contingencies because they pertain to future events and circumstances that may or may not transpire, potentially causing the companies’ actual outcomes, performance, or accomplishments to materially diverge from those articulated or implied by such statements. These risks, uncertainties, and assumptions include, but are not limited to, those pertaining to: the Company’s capacity to successfully uplist to the Nasdaq Capital Market, including satisfying initial and ongoing listing criteria; the Company’s ability to fulfill the conditions precedent outlined in its recent securities purchase agreement (“Securities Purchase Agreement”) and exchange agreement (“Exchange Agreement”) executed with YA II PN, Ltd. (“Yorkville”); the timeline for closing the transactions envisioned by the Securities Purchase Agreement and the Exchange Agreement; the impact of the transactions contemplated by the Exchange Agreement and Securities Purchase Agreement on the Company’s operational results; our capacity to sustain relationships with creditors, suppliers, service providers, customers, employees, and other third parties given the performance and credit risks linked to our constrained liquidity and capital structure; our ability to comply with OTCQB continuous standards; our ability to achieve our stated objectives; our strategies, plans, objectives, and goals, including, among others, the successful implementation and management of the strategic shift of our business to solely retrofitting and integrating our solar technology onto third-party vehicles; our ability to secure the additional funding required beyond Yorkville’s investment to further advance and commercialize our solar technology and operations, as well as to continue as a going concern. For further details regarding some of the risks, uncertainties, and assumptions that could influence our forward-looking statements, kindly refer to our filings with the U.S. Securities and Exchange Commission (“SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2024, accessible on the SEC’s website at www.sec.gov and our website at ir.sonomotors.com. Many of these risks and uncertainties relate to factors beyond our ability to control or precisely estimate, such as actions by courts, regulatory authorities, and other external factors. Consequently, readers should not place undue reliance on these statements, especially in connection with any contract or investment decision. Except where mandated by law, the Company undertakes no obligation to revise any such forward-looking statements.
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