Strategic move enhances liquidity, expands investor reach, and confirms Sono Solar’s strong position in the Solar Mobility Industry
MUNICH, Germany, September 9, 2025 – Sono Solar’s parent company Sono Group N.V. (Nasdaq: SSM) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH, hereafter referred to as “SonoSolar” or “Subsidiary”) has successfully uplisted its ordinary shares from the OTCQB Venture Market to the Nasdaq Capital Market on September 5, 2025. The Company’s shares are trading on Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “SSM”.
The successful uplisting is clear evidence of the momentum of solar technology for vehicles in general and the positive development over recent months of Sono Motors GmbH, which has been operating under the Sono Solar brand since July 2025. The transition strongly supports the further growth of Sono Solar, as it is expected to enhance liquidity, attract a broader and more diverse investor base, and elevate the Company’s visibility within global capital markets.
“Sono Group’s listing on Nasdaq marks a transformative moment for Sono Solar and our customers”, said Jan Schiermeister, Managing Director of Sono Solar. “We believe this move will accelerate our momentum. I appreciate the relentless dedication and hard work from our entire team to set the base for a successful uplisting. Above all, I would like to thank George O’Leary, Managing Director and CEO of Sono Group N.V., for his tireless dedication and trust throughout the last 2 years.”
Bolstered by this positive news, Sono Solar continues to work hard on its mission to offer best-in-class solar products and services for vehicle manufacturers and fleet operators.
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ABOUT SONOSOLAR
Sono Solar, a brand of Sono Motors GmbH, stands for the transformation of a pioneering automotive start-up into a technology-oriented pioneer for solar mobility. Sono Motors GmbH is a wholly owned subsidiary of Sono Group N.V., a holding company registered in the Netherlands and listed on the NASDAQ stock exchange under the ticker symbol SSM. Sono Group N.V. is responsible for strategic oversight and investor relations. The operational arm, Sono Motors GmbH, focuses entirely on the implementation of its solar technologies under the Sono Solar brand.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. The words “expect”, “anticipate”, “intend”, “plan”, “estimate”, “aim”, “forecast”, “project”, “target”, “will” and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the intentions, beliefs, or current expectations of the Company and Sono Group (together, the “companies”). Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and could cause the companies’ actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, risks, uncertainties and assumptions with respect to: the timing of the reverse share split; the goals of the reverse share split; the impact of the reverse share split on Sono Group’s share price; Sono Group’s ability to uplist to the Nasdaq Capital Market, including meeting the initial listing requirements; Sono Group’s ability to satisfy the conditions precedent set forth in the Securities Purchase Agreement and Exchange Agreement; the timing of closing the transactions contemplated by the Securities Purchase Agreement and the Exchange Agreement; the impact of the transactions contemplated by the Exchange Agreement and Securities Purchase Agreement on Sono Group’s operating results; the ability to access the unfunded portion of the investment from Yorkville, including our ability to successfully comply with the agreements related thereto and the absence of any termination event or any event of default; our ability to maintain relationships with creditors, suppliers, service providers, customers, employees and other third parties in light of the performance and credit risks associated with our constrained liquidity position and capital structure; our status as a foreign private issuer under the Securities Exchange Act of 1934; our ability to comply with OTCQB continuing standards; our ability to achieve our stated goals; our strategies, plan, objectives and goals, including, among others, the successful implementation and management of the pivot of our business to exclusively retrofitting and integrating our solar technology onto third party vehicles; our ability to raise the additional funding required beyond the investment from Yorkville to further develop and commercialize our solar technology and business as well as to continue as a going concern. For additional information concerning some of the risks, uncertainties and assumptions that could affect our forward-looking statements, please refer to our filings with the U.S. Securities and Exchange Commission (“SEC”), including our Annual Report, which are accessible on the SEC’s website at www.sec.gov and on our website at ir.sonomotors.com. Many of these risks and uncertainties relate to factors that are beyond our ability to control or estimate precisely, such as the actions of courts, regulatory authorities and other factors. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, Sono Group assumes no obligation to update any such forward-looking statements.
