Sono Group NV entered into a securities transaction with YA II PN, Ltd. (Yorkville), where the company agreed to sell a new convertible debenture for $5,000,000 to Yorkville under a Securities Purchase Agreement dated December 30, 2024. Additionally, Sono Group issued preferred stock shares to Yorkville in exchange for the cancellation of all debentures held by Yorkville, as per the Exchange Agreement of the same date. The terms and conditions of these agreements were modified through several Omnibus Amendments, with the latest extension of termination dates to August 1, 2025. The exact number of shares and specific price details were not disclosed in the document.
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