Sono Group N.V. Completes Exit from Legacy Solar Operations

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[{"type":"image","alt":"Sono Group N.V.","displaySize":"","headline":null,"caption":"Sono Group N.V.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":299,"url":"https://media.zenfs.com/en/globenewswire.com/62e30d8fdb428a93aedc2f61d863cd12"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/GP8875et7KVsdkNadJAM6Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQxOQ--/https://media.zenfs.com/en/globenewswire.com/62e30d8fdb428a93aedc2f61d863cd12","width":300,"height":299},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/GP8875et7KVsdkNadJAM6Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQxOQ--/https://media.zenfs.com/en/globenewswire.com/62e30d8fdb428a93aedc2f61d863cd12","width":300,"height":299}},"lazy":false},{"type":"text","content":"Transfer of Sono Motors to Its Management Team Marks Full Completion of the Strategic Transition Announced in March 2026; Sono Group Currently Operates as a Focused Digital Asset Treasury Company","length":195,"tagName":"p"},{"type":"text","content":"Munich, Germany, May 08, 2026 (GLOBE NEWSWIRE) -- Sono Group N.V. (Nasdaq: SSM) (hereafter referred to as “Sono” or the “Company”) today announced the completion of a decisive milestone in its ongoing strategic transformation: the formal transfer of its now former subsidiary Sono Motors GmbH ("Sono Motors") to companies controlled by Sono Motors' own management team. The transaction closed and took legal effect on May 4, 2026, bringing to a close the solar exit the Company announced in March. Sono Group holds no further equity interest in Sono Motors and carries no ongoing operational obligations to the business.","length":634,"tagName":"p"},{"type":"text","content":"With this transaction complete, the Company turns fully to the Treasury Strategy: acquiring Bitcoin and generating yield through a covered-call approach under its institutional ISDA framework. The proceeds of the Company's March 2026 financing were deployed into Bitcoin acquisition immediately upon receipt, capital that would otherwise have been partially absorbed by legacy solar operations. With the exit complete, there is no longer a competing claim on that capital.","length":476,"tagName":"p"},{"type":"text","content":"The legacy solar business was transferred to Sono Motors' two managing directors, Denis Azhar and Jan Schiermeister, who acquired it directly, together wi...

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