Sono Group (SEVCF) Proxy filing summary

Executive summary

• Announced a strategic shift to exit legacy solar operations and adopt a Digital Asset Treasury (DAT) strategy focused on Bitcoin and covered-call yield generation, aiming to reduce operational losses and generate recurring cash flow.

• Board approved the cessation of all current and future funding to the solar subsidiary, Sono Motors GmbH, due to persistent unprofitability and lack of a clear path to profitability.

• The DAT strategy will be implemented with institutional rigor, including an ISDA Master Agreement with Blockchain.com for derivatives and hedging.

• The company will continue to evaluate strategic alternatives for remaining solar assets and expects the transition to reduce operational cash outflows.

• Forward-looking statements highlight risks and uncertainties related to the transition, including costs, legal proceedings, and compliance with Nasdaq listing standards.

Voting matters and shareholder proposals

• Shareholders will be asked to ratify the engagement in the DAT strategy at a forthcoming extraordinary general meeting, with a proxy statement to be filed.

• The company will mail the definitive proxy statement and proxy card to eligible shareholders once available.

Board of directors and corporate governance

• Both the management board and supervisory board approved the DAT strategy and the exit from solar operations.

• The company will bring the DAT strategy to shareholders for formal ratification, in line with governance documents and applicable law.

• Commitment to ongoing compliance with Nasdaq Capital Market listing requirements and SEC reporting obligations.