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Sono Group Receives $7.2M Funding from Yorkville Advisors Global LP
ByAinvest
Saturday, Sep 6, 2025 4:33 am ET1min read
Sono Group N.V. received $7.2 million in funding from Yorkville Advisors Global LP. The company issued additional convertible debentures in the principal amount of $2,200,000 and $3,409,460 for gross proceeds of $3,409,460 in its seventh tranche. The seventh debenture will mature on September 5, 2026, with a conversion price of $18.75 per share.
September 2, 2025 — Sono Group N.V., a Munich-based technology company, has received a significant funding boost from Yorkville Advisors Global LP. The company announced on September 5, 2025, that it had closed a transaction, securing an additional $7.2 million in funding.The funding came in the form of two tranches of convertible debentures. The first tranche amounted to $2,200,000, while the second tranche totaled $3,409,460. The total gross proceeds from the seventh tranche were $3,409,460. The seventh debenture will mature on September 5, 2026, with a conversion price of $18.75 per share [2].
This funding is part of Sono Group's broader strategy to secure financing and support its growth initiatives. The company has been actively seeking funding to bolster its operations and expand its market presence. The convertible debentures issued as part of this transaction will provide Sono Group with the necessary capital to continue its business operations and explore new opportunities.
Sono Group's latest funding round follows its submission of unaudited pro forma financial statements as part of its application for listing on the Nasdaq Capital Market. The company has been working towards this goal, with the latest round of financing being a crucial step in that process [1].
The company's listing application is still pending approval from Nasdaq, and there is no assurance that it will be granted. However, the recent funding round demonstrates Sono Group's ability to secure additional capital, which could strengthen its position as it seeks to uplist to the Nasdaq Capital Market.
References:
[1] https://www.investing.com/news/sec-filings/sono-group-submits-pro-forma-financials-as-part-of-nasdaq-listing-application-93CH-4221327
[2] https://www.marketscreener.com/news/sono-group-n-v-announced-that-it-has-received-7-2-million-in-funding-from-yorkville-advisors-globa-ce7d59d9d088f221
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