Sono Group N.V. (or "Sono Motors"), a pioneer and technological leader in the field of solar-powered electric mobility that seeks to revolutionise the future of solar-powered transportation, announced on Friday November 19th, 2021, the closing of its initial public offering on the Nasdaq Global Market of an aggregate of 11,500,000 common shares at a price to the public of $15.00 per share, including the full exercise by the underwriters of their option to purchase up to 1,500,000 additional common shares. Sono Motors successfully raised approximately $156.1 million in the IPO.
Paul van der Bijl, teamlead and partner at NautaDutilh:"We are proud to have assisted Sono Motors in reaching this important milestone as it continues to pursue its mission of incorporating solar technology into every vehicle."
Our team was led by Paul van der Bijl, Esther Schreiber and Elodie Smits as its core-members, with invaluable input throughout the firm from, among others, Mariëlle van Nimwegen, Edward Rijnhout and Alissia Sudibyo.
Find the press release here.