Sono motors announces closing of initial public offering and full exercise of underwriters' option to purchase additional shares

Munich, germany, nov. 19, 2021 (globe newswire) -- sono group n.v. (nasdaq: sev) (parent company to “sono motors gmbh”, “sono motors” or the “company”) announced today the closing of its initial public offering of an aggregate of 11,500,000 common shares at a price to the public of $15.00 per share, including the full exercise by the underwriters of their option to purchase up to 1,500,000 additional common shares. the net proceeds from the offering to the company, after deducting underwriting discounts and commissions and estimated offering expenses payable by the company, were approximately $156.1 million.
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