Sono Group NV Secures $750,000 Advance in Amended Financing Agreement with Yorkville

Reuters
28 May
Sono Group NV Secures $750,000 Advance in Amended Financing Agreement with Yorkville

On May 26, 2025, Sono Group NV and YA II PN, Ltd. (Yorkville) entered into a fifth Omnibus Amendment to their existing Transaction Documents, which modifies the terms of their Securities Purchase Agreement. This amendment includes an immediate advance of $750,000 to Sono Group by Yorkville, in the form of a secured convertible debenture. This new advance follows previous advances totaling $2,500,000, made earlier in 2025 through a series of debentures. With these financial adjustments, the total principal amount to be issued to Yorkville, pending the fulfillment of all conditions outlined in the Securities Purchase Agreement, will amount to $1,750,000. This transaction is part of an ongoing financial strategy involving several debenture issuances and modifications aimed at supporting Sono Group's capital requirements.

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