Sono Group (SEVCF) investor relations material

Executive summary

• Exited legacy solar operations and sold subsidiary Sono Motors GmbH in May 2026 for nominal consideration, marking a strategic shift to a digital asset treasury strategy focused on Bitcoin and covered-call yield generation.

• Adopted a Treasury Strategy in March 2026, allocating principal treasury reserves to Bitcoin and entering into derivative and hedging transactions with Blockchain.com.

• Changed reporting currency from euro to U.S. dollar effective January 1, 2026, with all prior periods recast accordingly.

Financial highlights

• Net loss of $2.0 million for Q1 2026, compared to net income of $7.8 million in Q1 2025, driven by the absence of prior-year fair-value gains and a $519,000 loss on classification as held for sale.

• Cash and cash equivalents at March 31, 2026 were $237,000, with $4.7 million in Bitcoin holdings at fair value.

• Digital asset treasury loss, net, was $313,000, mainly from a $326,000 unrealized loss on Bitcoin, partially offset by $14,000 net income from covered-call options.

• General and administrative expenses increased to $1.17 million, up from $1.02 million year-over-year, due to higher professional and transaction-related fees.

• Raised $6.4 million gross in Q1 2026 through convertible debentures and pre-funded warrants.

Outlook and guidance

• Ongoing liquidity is dependent on Bitcoin performance, covered-call strategy, and access to external financing.

• Substantial doubt remains about the ability to continue as a going concern due to low cash reserves, reliance on volatile digital assets, and upcoming debt maturities.

• Additional $700,000 convertible debenture funding received in April 2026, not reflected in Q1 financials.