Initial offering of shares by our organization goes public with declared pricing
Sono Group N.V., a company dedicated to revolutionizing mobility by making every vehicle solar, has announced a new offering of common shares. The registration statement on Form F-1, filed with the Securities and Exchange Commission, was declared effective on November 16, 2021.
The offering, led by Berenberg as sole global coordinator and Craig-Hallum as co-manager, includes 10,000,000 common shares priced at $15.00 per share. The anticipated closing date for the offering is set for November 19, 2021. The common shares will trade on the Nasdaq Global Market under the ticker symbol "SEV."
Despite being public since November 17, 2021, Sono Group N.V. (OTCQB: SEVCF) appears to be in a developmental or early commercial phase. According to recent financial data from July 2025, the company has a market capitalization of approximately €9.32 million. Its trailing twelve months (ttm) revenue is very low at around €28.10K, with a net income loss of about €7.58 million over that period. The earnings per share (EPS) stands at -5.23, indicating ongoing losses.
The stock exhibits high volatility, with a beta of 11.74, and relatively low trading volume (average volume ~1,815 shares). The 52-week trading range of its stock price was between €1.50 and €18.00, with recent prices near the lower end of that spectrum around €6.43 to €7.35.
Sono Group focuses on solar-powered mobility solutions and solar integration products for commercial vehicles, a specialized niche within renewable energy sectors. The company's disruptive solar technology is designed to be seamlessly integrated into various vehicle architectures.
It is important to note that forward-looking statements, which are statements about the company's intentions, beliefs, or current expectations, involve risks, uncertainties, and contingencies that may cause actual results to differ from those expressed or implied. Readers should not place undue reliance on these statements.
The press release is only directed at certain investment professionals, high net worth companies, and other specified persons in the United Kingdom and European Economic Area. The offering includes an option for underwriters to purchase an additional 1,500,000 common shares.
Investors interested in Sono Group are advised to closely monitor upcoming earnings and market activity, as there is no indication from the search results of a strong turnaround or major positive market performance since the IPO. However, the company is actively developing its solar solutions for vehicles. Sono Group assumes no obligation to update any such forward-looking statements.
This press release is not an offer to sell or a solicitation of an offer to buy these securities in certain states or jurisdictions. Copies of the prospectus may be obtained from Berenberg Capital Markets LLC.
Investors who are intrigued by Sono Group's solar-powered mobility solutions might find it beneficial to keep a close eye on the company's business performance, particularly the upcoming earnings, as the company is still in a developmental phase, with a low market capitalization and net income loss. Additionally, the offering of common shares in technology sector, led by Berenberg as sole global coordinator, presents an opportunity for investors interested in financing innovative businesses focused on renewable energy and investing in the growth of solar technology.
