Breakthrough: Sono Motors GmbH’s Insolvency Plan Confirmed by Court and Investor Deal Concluded

MUNICH, Germany, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Sono Motors GmbH, the Munich-based solar technology company and subsidiary of Sono Group N.V., is happy to announce the confirmation of its insolvency and restructuring plan by the insolvency court of the local court of Munich, Germany, as well as the closing of its recently announced investor deal with YA II PN, Ltd. (“Yorkville”), both important milestones in the company's successful navigation towards restructuring and its imminent exit from its self-administration proceedings.