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Sono Group N.V. (OTCQB: SEVCF), a solar technology company, announced the change of its US ticker symbol from 'SEVCD' back to 'SEVCF', effective February 11, 2025. This change follows the company's reverse share split implemented on January 6, 2025. Per FINRA guidelines, a temporary 'D' was added to the ticker for 20 business days post-split to indicate the corporate action.
The company, through its subsidiary Sono Motors GmbH, focuses on integrating solar technology into commercial vehicles to reduce CO2 emissions. The announcement comes amid various corporate developments, including recent agreements with Yorkville (YA II PN, ) through Securities Purchase and Exchange Agreements, and ongoing efforts to uplist to the Nasdaq Capital Market.
Sono Group N.V. (SEVCD) has released a shareholder update highlighting its achievements in 2024 and plans for 2025. The company made significant progress in solar mobility solutions, securing strategic partnerships and expanding its product portfolio with solar kits for commercial vehicles. Key accomplishments include partnering with Hofmeister & Meincke for distribution across 27 countries, becoming the first company in Germany to receive national approval for vehicle-integrated solar technology, and winning the Lorenzo Cagnoni Award for Green Innovation.
For 2025, Sono projects revenue distribution of 60% from Solar Bus Kits, 20% from Solar Kits for trucks and vans, and 20% from Refrigeration Trailer Kits. The company plans to expand into North and South America and is working towards a Nasdaq Capital Markets uplisting.
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