Sono Motors files registration statement for proposed IPO

Munich-based OEM, Sono Motors, has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission (SEC) for an Initial Public Offering (IPO) for its common shares.

The amount of shares to be offered and the price range for the proposed offering have not yet been determined.

Sono Motors intends to list its common shares on the Nasdaq Global Market under the ticker symbol ‘SEV’.

The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering.

Berenberg is acting as global coordinator for the proposed offering. Craig-Hallum will act as co-manager for the proposed offering.

The proposed offering will be made only by means of a prospectus.

A registration statement on Form F-1 relating to the proposed sale of these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Sono Motors develops revolutionary solar-powered innovations that could transform the semi-trailer industry.

In May, Sono Motors agreed to investigate the technical and economic feasibility of integrating its tech with a third party’s electric vehicle.

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