Sono Group (SEVCF) Registration filing summary

Company overview and business model

• Transitioned from legacy solar operations to a digital asset treasury strategy, focusing on holding and managing Bitcoin and other digital assets using a covered-call yield approach.

• Exited solar integration business due to lack of profitability and shifted to a streamlined holding company structure.

• Entered into an ISDA Master Agreement with Blockchain.com to facilitate derivative and hedging transactions for digital asset management.

• Ordinary shares are listed on Nasdaq Capital Market under the symbol "SSM"; high voting and preferred shares are not listed.

Financial performance and metrics

• Recorded an operating loss of €7.7 million in 2025, but net income was positive at €4.0 million due to gains from convertible debenture revaluation.

• Achieved operating profit in 2024 from one-time revaluation gains after reconsolidation of the subsidiary.

• Anticipates materially reduced future operating losses following the exit from solar operations.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for working capital, general corporate purposes, and potentially to acquire Bitcoin and other digital assets.

• Management retains broad discretion over capital allocation, with specifics to be detailed in future prospectus supplements.