Sono Group raises $5M via dilutive convertible debt and warrant with variable-price conversion

Filed March 10, 2026 · Period ending March 10, 2026 · ~1 min read

Key Changes

• high

  Issued $3M convertible debenture to Yorkville maturing March 2027, converting at lower of $18.75 or 85% of lowest 7-day VWAP—creating significant dilution risk if stock declines; 12% interest (18% on default).

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Sold pre-funded warrant for $2M exercisable for 283,367 ordinary shares at €0.01 per share, immediately exercisable with 4.99% ownership cap (adjustable to 9.99%).

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Must register shares within 30 days and achieve effectiveness within 90 days; faces 1.0% monthly liquidated damages on $2M if Yorkville cannot resell for >10 consecutive or >20 aggregate days annually.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →