CEO Letter to Shareholders
- MUNICH, July 02, 2024 (GLOBE NEWSWIRE) -- Sono Group N.V. (OTCQB: SEVFC), the public holding company of Sono Motors GmbH, a solar technology company, today issued a letter to shareholders from George O'Leary, Chief Executive Officer, Chief Financial Officer and Managing Director.
- 07/02/2024
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Spectra7 Announces Results of its 2024 Annual and Special Meeting of Shareholders
- SAN JOSE, Calif. , June 28, 2024 /PRNewswire/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leader in high-performance analog semiconductors for broadband connectivity markets, such as AI networks, hyperscale data centers, and AR/VR, today announced the results of its annual and special meeting of shareholders that was held on June 27, 2024.
- 06/28/2024
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Sono Group N.V. Announces Fiscal Year 2023 Annual Report and Corporate Update
- MUNICH, June 24, 2024 (GLOBE NEWSWIRE) -- Sono Group N.V. (OTC: SEVCF) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”), the solar technology company, announced its financial results for the fiscal year ended 31 December 2023.
- 06/24/2024
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Spectra7 Announces Retirement of CEO Raouf Halim; Board Chair Ron Pasek to Assume Role on Interim Basis
- TORONTO , June 17, 2024 /PRNewswire/ -- (TSXV: SEV) (OTCQB: SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leader in high-performance analog semiconductors for broadband connectivity markets, such as AI networks, hyperscale data centers, and AR/VR, today announced that Raouf Halim, Chief Executive Officer, has retired effective June 15, 2024. Ron Pasek, current Chair of the Board of Directors, has been appointed as Interim CEO while the Board conducts a comprehensive search for a permanent successor.
- 06/17/2024
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Spectra7 Announces Financial Results for First Quarter 2024
- Subsequently Closed C$10.7 Million in New Capital in May 2024 Eliminated C$11.7 Million in Convertible Debt SAN JOSE, Calif. , May 30, 2024 /PRNewswire/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leader in high-performance analog semiconductors for broadband connectivity markets, such as AI networks, hyperscale data centers, and AR/VR, today announced its financial results for the three months ended March 31, 2024.
- 05/30/2024
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Correction Sono Group N.V. Announces Ticker Symbol Update and New Leadership Team as It Prepares for Market Advancement
- MUNICH, Germany, April 26, 2024 (GLOBE NEWSWIRE) -- Sono Group N.V. (the “Company”) (OTC: SEVCF), a solar technology company, today announced a correction to its press release issued on April 25, 2024, which provided an update on the trading symbol for the Company's ordinary shares and introduced the new leadership team.
- 04/26/2024
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Sono Group N.V. Announces Ticker Symbol Update and New Leadership Team as It Prepares for Market Advancement
- MUNICH, Germany, April 25, 2024 (GLOBE NEWSWIRE) -- Sono Group N.V. (the “Company”), a solar technology company, is pleased to announce a significant milestone in its corporate recovery. Following the successful conclusion of insolvency proceedings involving its subsidiary, Sono Motors GmbH, and the withdrawal of its own application for preliminary self-administration proceedings (reported in the Company's Form 6-Ks filed on January 31, 2024 and February 29, 2024, respectively), the Company has received from the Financial Industry Regulatory Authority (FINRA) that the 'Q' will be removed from its ticker symbol, previously designated as SEVCQ, effective today. This change marks the end of the bankruptcy indication for Sono Group N.V., and the Company's ordinary shares will be quoted on the over-the-counter market under the US ticker symbol SEVC going forward.
- 04/25/2024
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Sono Group N.V. Charts New Course
- MUNICH, Germany, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The ordinary shares of Sono Group N.V. (the “Company”) have been suspended from trading on Nasdaq since July 21, 2023. Following the recent announcement from The Nasdaq Stock Market (“Nasdaq”) that it will file a Form 25 Notification of Delisting with the U.S. Securities and Exchange Commission (the “SEC”) to formally complete the delisting of the Company's ordinary shares, the Company is pleased to outline its strategic initiatives considering this development.
- 02/14/2024
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Breakthrough: Sono Motors GmbH's Insolvency Plan Confirmed by Court and Investor Deal Concluded
- MUNICH, Germany, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Sono Motors GmbH, the Munich-based solar technology company and subsidiary of Sono Group N.V., is happy to announce the confirmation of its insolvency and restructuring plan by the insolvency court of the local court of Munich, Germany, as well as the closing of its recently announced investor deal with YA II PN, Ltd. (“Yorkville”), both important milestones in the company's successful navigation towards restructuring and its imminent exit from its self-administration proceedings.
- 02/07/2024
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Promising restart: Sono Motors signs investor deal for its solar integration business, on its path to finalizing restructuring
- MÜNCHEN, Germany, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Sono Motors, the Munich-based solar technology company, today announces the signing of investment agreements with YA II PN, Ltd. (“Yorkville”), which are expected to enable the company to restructure itself, emerge from its self-administration proceedings that have been ongoing since May 2023 and continue its solar integration business. Subject to the fulfillment of certain conditions precedent, this deal positions Sono Motors to obtain sufficient financing for its business operations until at least the end of 2024. Closing of the investment with Yorkville and conclusion of the insolvency proceeding are currently expected in late January 2024.
- 11/27/2023
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Sono Group N.V. presents three new members of its Supervisory Board
- MUNICH, Germany, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Solar technology company Sono Group N.V. (the "Company"), the parent company of Sono Motors GmbH ("Sono Motors"), today presented three new members of its Supervisory Board. The new Supervisory Board members have been appointed on an interim basis until their formal election at the Company's next annual general meeting. The four-member Supervisory Board consists of financial experts and an employee representative and is chaired by Sandra Vogt-Sasse, who is supported by Thomas Wiedermann as Vice-Chair. Martin Sabbione also joins the Supervisory Board as an additional new member. Johannes Trischler, an employee representative, has been a member of the Company's Supervisory Board since November 2021.
- 09/11/2023
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Sono Group Receives Additional Staff Determination Letter from Nasdaq
- MUNICH, Germany, Sept. 01, 2023 (GLOBE NEWSWIRE) -- On August 28, 2023, solar tech company Sono Group N.V. (NASDAQ: SEV) (the “Company”) received a staff determination letter (the “Letter”) from the staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that on March 20, 2023, the Staff had notified the Company that the bid price of its listed securities had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, did not comply with Listing Rule 5450(a)(1). Therefore, in accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until September 18, 2023, to regain compliance with the Rule. The Letter goes on to state that for the past 12 consecutive trading days the closing bid price of the Company's common stock has been below $0.10 and that, accordingly, pursuant to Listing Rule 5810(c)(3)(A)(iii), this matter serves as an additional basis for delisting the Company's securities from Nasdaq. In addition, the Letter refers to the resignation of four of five members of the Company's supervisory board in April 2023, including all of its independent members, and states that the Company no longer meets the audit committee requirement for continued listing on Nasdaq set forth in Listing Rule 5605(c)(2) and that, as such, this matter further serves as an additional basis for delisting the Company's securities from Nasdaq.
- 09/01/2023
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Why Is Sono (SEV) Stock Down 22% Today?
- Sono (NASDAQ: SEV ) stock is taking a beating on Wednesday after the solar mobility solutions company was hit with a delisting notice. This notice comes from the Nasdaq Stock Market's Listing Qualifications Department.
- 07/19/2023
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Sono Group Receives Notice of Delisting from Nasdaq
- MUNICH, Germany, July 18, 2023 (GLOBE NEWSWIRE) -- On July 12, 2023, solar tech company Sono Group N.V. (NASDAQ: SEV) (“Sono Group” or the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the staff of the Listing Qualifications Department (the “Staff”) has determined that the Company's securities will be delisted from Nasdaq in accordance with Listing Rules 5101, 5110(b) and IM-5101-1. The Notice further states that trading of the Company's common shares will be suspended at the opening of business on July 21, 2023, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company's securities from listing and registration on Nasdaq. The Company has requested a hearing before the Nasdaq Hearings Panel to appeal the Staff's determination.
- 07/18/2023
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7 F-Rated Stocks to Send Packing Pronto
- If you're holding onto your F-rated stocks, you're playing a dangerous game. It doesn't take a lot of time for a bad stock to do some serious damage to your portfolio.
- 07/10/2023
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7 F-Rated Stocks to Send Packing Pronto
- If you're holding onto your F-rated stocks, you're playing a dangerous game. It doesn't take a lot of time for a bad stock to do some serious damage to your portfolio.
- 07/10/2023
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SEV Stock: There Are No Sono Motor Shares Available to Short
- Electric vehicle (EV) maker Sono Group (NASDAQ: SEV ) stock briefly had zero available shares to short today. According to Fintel, Sono's available short shares at a “leading prime brokerage” depleted this morning.
- 06/05/2023
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Applications for self-administration proceedings with respect to Sono Group N.V. and Sono Motors GmbH under the German Insolvency Act
- MUNICH, Germany, May 15, 2023 (GLOBE NEWSWIRE) -- On May 15, 2023, Sono Group N.V. applied to the insolvency court of Munich, Germany, to permit the opening of a self-administration proceeding (Eigenverwaltung) with respect to Sono Group N.V. pursuant to Section 270 (b) of the German Insolvency Code (Insolvenzordnung). On the same day, Sono Motors GmbH, Sono Group N.V.'s sole wholly-owned subsidiary, applied to the same court to permit the opening of self-administration proceeding in the form of a protective shield proceeding (Schutzschirmverfahren) with respect to Sono Motors GmbH pursuant Section 270 (d) of the German Insolvency Code. Sono Group N.V. conducts its business through its subsidiary Sono Motors GmbH, and the terms “we” and “our” used herein refer to Sono Group N.V. together with its subsidiary Sono Motors GmbH.
- 05/15/2023
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Sono Group Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)
- MUNICH, Germany, May 08, 2023 (GLOBE NEWSWIRE) -- The solar tech company Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) announces that it received a notice (the “Notice”) on May 3, 2023 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the “2022 20-F”), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”). The Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).
- 05/08/2023
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Following Pivot to a Pure Solar Tech Company, Members of Sono Group N.V.'s Supervisory Board Resign
- MUNICH, Germany, April 21, 2023 (GLOBE NEWSWIRE) -- On 24 February 2023, Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) announced its commitment to change its business model to focus exclusively on its solar business for B2B customers and to terminate the Sion passenger car program. This has led to a shift in the Company's business model and operations away from its supervisory board members' strong expertise in the areas of automotive, digitalization, and Community-focus. Against this background four members of the Company's supervisory board, Chair Martina Buchhauser, Vice-Chair Robert Jeffe, Arnd Schwierholz, and Community Representative Sebastian Böttger, today, 21 April 2023, announced their resignation with immediate effect.
- 04/21/2023
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Sono Group Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
- MUNICH, Germany, March 24, 2023 (GLOBE NEWSWIRE) -- The solar tech company Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) announces that on 20 March 2023, it received a letter from the Listings Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq”) notifying the Company that the minimum closing bid price per share of its common shares was below $1.00 for a period of 30 consecutive business days and that the Company did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1). This current report is filed pursuant to Nasdaq Listing Rule 5810(b). The Nasdaq notification letter does not affect the Company's business operations and, for now, it does not result in the delisting of the Company's common shares. The shares will continue to trade uninterrupted under the symbol “SEV”.
- 03/24/2023
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10 Hot Penny Stocks Under $1 To Watch This Week
- Penny stocks under $1 to watch right now. The post 10 Hot Penny Stocks Under $1 To Watch This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 03/09/2023
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Sono Motors Announces It Has Signed With a Second Passenger Car Manufacturer
- MUNICH, Germany, March 08, 2023 (GLOBE NEWSWIRE) -- The solar tech company Sono Group N.V. (NASDAQ: SEV) (“Sono Motors” or the “Company”) today announced it has signed a purchase order with a second passenger car manufacturer, one of the 10 largest in the world. The scope of the order is delivery of solar body panels for one vehicle, so that, together with Sono Motors, the OEM is able to explore solar integration into their cars. The Company announced the first order from a passenger car manufacturer in December last year. This brings the Company's total number of customers and partners for its solar technology to 25, a significant increase from 10 partners at the time of the Company's IPO 15 months ago.
- 03/08/2023
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7 Hot Penny Stocks Under $1 To Watch This Week
- Penny stocks under $1 to watch this week. The post 7 Hot Penny Stocks Under $1 To Watch This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 03/07/2023
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Best Penny Stocks To Buy Under $1? 4 To Watch Now
- Finding the best penny stocks to buy seems easy.
- 03/06/2023
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Sono Motors (SEV) Stock Plunges After Terminating Solar EV Program
- Sono Motors (NASDAQ: SEV ) stock is falling hard on Friday after the company revealed plans to terminate its solar electric vehicle (EV) program. According to a news release from the company, it's completely abandoning its Sion program to develop a solar-powered EV.
- 02/24/2023
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Sono Group N.V. (SEV) Q3 2022 Results - Earnings Call Transcript
- Sono Group N.V. (NASDAQ:SEV ) Q3 2022 Results Earnings Conference Call December 8, 2022 8:00 AM ET Company Participants Kirill Bagachenko - Director Investor Relations Laurin Hahn - Chief Executive Officer Thomas Hausch - Chief Operations Officer Torsten Kiedel - Chief Financial Officer Conference Call Participants Christopher Souther - B.
- 12/08/2022
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Solar-powered Sion EV ‘highly affordable,' Sono Motors CEO says
- Sono Motors Co-founder & CEO Laurin Hahn joins Yahoo Finance Live's Pras Subramanian from the Nasdaq headquarters in New York City to discuss the company's solar-powered Sion EV, its affordability, the potential to become the mass market EV, what makes it special, and the outlook for the automaker amid rising global demand.
- 10/10/2022
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7 Cheap Electric Vehicle Stocks to Buy Before They Boom
- Environment consciousness, governmental policy support, and improved charging infrastructure are among the factors that contributed to the strong uptake of electric vehicles (EVs) in recent years. More and more countries have suggested that they would phase out internal combustion engine, or ICE, vehicles sooner than later.
- 08/04/2022
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Sono's New Solar E-Mobility Wave Could Push The Price Up
- Sono Motors is currently developing a disruptive solar technology that may make mobility much more sustainable. I assumed that SEV's injection molding technology will be accepted by automobile manufacturers and other competitors.
- 05/25/2022
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Why Sono Group Stock Is Getting Fried Today
- The market sees the EV maker undermining the value of its stock.
- 04/29/2022
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Why Electric Vehicle Maker Sono Group's Stock Plummeted Today
- News of a dilutive secondary share issue threw the electric vehicle maker's stock into reverse.
- 04/27/2022
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5 Stocks Halted In Tuesday's Session
- A circuit breaker is an automatic, temporary trading halt on specific securities when the underlying stock is experiencing times of high volatility. It is a measure to help restore and bring order to the markets.
- 04/19/2022
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Why Did Sono Group Stock Surge 65% Today?
- Sono Group NV (NASDAQ: SEV) shares closed up more than 65% on Tuesday after the company announced its 2021 financial results and issued a corporate update highlighting project deliveries and partner arrangements. In the fourth quarter, Sono Group said it delivered its.
- 04/19/2022
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Why Is Sono Group (SEV) Stock Up 70% Today?
- Shares of SEV stock are on the rise after the company reported financial results for 2021. Here's what you should know about the Sono Group.
- 04/19/2022
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Best Penny Stocks to Watch With SEV Stock Exploding 81%
- Check these 3 penny stocks out as SEV stock explodes today The post Best Penny Stocks to Watch With SEV Stock Exploding 81% appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 04/19/2022
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Is The Sono Group Stock A Buy, Sell, Or Hold?
- Sono Group's solar electric vehicle Sion has mass appeal. The company has chosen NEVS to manufacture the car, which has raised eyebrows.
- 01/19/2022
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SEV Stock Alert: What Is Going on With Solar EV Play Sono Group Today?
- Some promising speculation has EV bulls celebrating Sono today. SEV stock jumped nearly 14% today on rumors of an incoming design release.
- 12/22/2021
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Sono Group Is an EV Investment With a Big Difference
- SEV stock hasn't performed well since Sono Group's IPO, but there's a unique story here which could unfold profitably in the long run. The post Sono Group Is an EV Investment With a Big Difference appeared first on InvestorPlace.
- 12/03/2021
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Sono Motors IPO Review: Solar EV Technology With A Bright Future
- Sono Motors IPO'd with a roughly $1 B enterprise value.
- 11/24/2021
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U.S. IPO Weekly Recap: 7 IPOs Debut Ahead Of The Thanksgiving Holiday
- The IPO market was relatively quiet ahead of the holiday week with seven IPOs raising $1.5 billion. As of 11/18/2021, the Renaissance IPO Index was up 5.2% year-to-date, while the S&P 500 was up 25.3%.
- 11/21/2021
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Does Sono Group Have a Breakthrough Innovation That Could Put “Range Anxiety” to Bed?
- Sono Group believes that its solar EV tech will fix this issue. And while it is a very innovative solution that we find super interesting, there's just one small issue: It doesn't actually solve the “range anxiety” problem.
- 11/19/2021
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LCID, RIVN, FSR: Why Are EV Stocks Down Today?
- We're taking a look at why EV stocks are down today and there are a couple of reasons shares of investors' favorites are falling. The post LCID, RIVN, FSR: Why Are EV Stocks Down Today?
- 11/18/2021
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Prime Blockchain SPAC Merger? 15 Things to Know as VCXA Stock Surges Today
- Crypto miner Prime Blockchain is reportedly in talks to go public via a SPAC merger with 10X Capital Venture Acquisition II (VCXA). The post Prime Blockchain SPAC Merger?
- 11/18/2021
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SEV Stock IPO: 7 Things to Know as EV Maker Sono Starts Trading Today
- Today's highly anticipated SEV stock IPO brought yet another high-flying EV company to the market, this time a solar-powered player. The post SEV Stock IPO: 7 Things to Know as EV Maker Sono Starts Trading Today appeared first on InvestorPlace.
- 11/17/2021
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Sono Group's stock soars on public debut, valuing solar electric vehicle company at more than $1.8 billion
- Sono Group N.V. SEV, +83.80% received an ovation on its Wall Street debut, as the Germany-based solar electric vehicle company's stock opened 33.7% above its initial public offering price and kept rising, more than doubling at one point.
- 11/17/2021
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Sono Group Readies $150 Million U.S. IPO
- Sono Group N.V. has filed proposed terms for a $150 million U.S. IPO. The company is developing solar-energy powered vehicle technologies.
- 11/09/2021
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