Breakthrough

Sono Motors GmbH’s Insolvency Plan Confirmed by Court and Investor Deal Concluded - Seite 3

Sono Motors GmbH remains committed to solar-based, sustainable transportation solutions and its main objective of contributing to the mobility transition.

ABOUT SONO MOTORS GMBH

Sono Motors GmbH has made it its mission to fundamentally revolutionize global mobility by equipping every vehicle with solar cells. The company's groundbreaking proprietary solar technology is designed to be integrated into a wide range of vehicle types – including buses, refrigerated vehicles and electric vehicles in general – to increase ranges, lower fuel costs and reduce CO2 emissions, paving the way for climate-friendly mobility.

PRESS CONTACT SONO MOTORS GMBH

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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 Sono Motors GmbH and Sono Group N.V. (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 actual results, performance or achievements of the companies 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: our expectations regarding the remaining stages of Sono GmbH’s self-administration proceedings; the companies’ ability to maintain relationships with creditors, suppliers, service providers, customers, employees and other third parties as a result of the self-administration proceedings and the related increased performance and credit risks associated with the companies’ constrained liquidity position and capital structure; the companies’ ability to access the external funding required to successfully restructure their business, including by complying with the agreements related to the Yorkville investment so as to gain access to the funding offered in such transaction; and the length of time that Sono Motors GmbH continues to operate under the self-administration proceedings. Many of these risks and uncertainties relate to factors that are beyond the companies’ 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, the companies assume no obligation to update any such forward-looking statements.