Sono Group N.V. 10-Q: Subsequent Event with Yorkville

TL;DR

Sono Group 10-Q filed: Big amendment with Yorkville on Aug 15. Check financials.

AI Summary

Sono Group N.V. filed its 10-Q for the period ending June 30, 2025. The filing indicates a subsequent event on August 15, 2025, related to an Omnibus Amendment to Transaction Documents with Yorkville. The company's fiscal year ends on December 31st, and its principal business is in Semiconductors & Related Devices.

Why It Matters

This filing provides an update on Sono Group's financial status and significant post-period events, which could impact investor decisions and the company's future financial health.

Risk Assessment

Risk Level: medium — The filing details financial information and subsequent events, which are crucial for assessing the company's current financial health and future prospects.

Key Numbers

• 24,035 — Total Assets (Indicates the company's overall asset base at the end of the reporting period.)
• 15,341 — Total Liabilities (Represents the company's total debt and obligations.)

Key Players & Entities

• Sono Group N.V. (company) — Filer of the 10-Q
• Yorkville (company) — Party to an Omnibus Amendment to Transaction Documents
• August 15, 2025 (date) — Date of a subsequent event
• June 30, 2025 (date) — End of the reporting period
• December 31 (date) — Fiscal year end

FAQ

Key Financial Figures

• $250,000 — it Insurance Corporation ("FDIC") up to $250,000. The Company had $- 0 - and $- 0 - in U

Filing Documents

• sev20250630_10q.htm (10-Q) — 1116KB
• ex_854680.htm (EX-4.6) — 107KB
• ex_854681.htm (EX-10.9) — 24KB
• ex_850527.htm (EX-31.1) — 12KB
• ex_850541.htm (EX-31.2) — 12KB
• ex_850542.htm (EX-32.1) — 7KB
• ex_850543.htm (EX-32.2) — 6KB
• 0001171843-25-005499.txt ( ) — 5721KB
• sev-20250630.xsd (EX-101.SCH) — 58KB
• sev-20250630_def.xml (EX-101.DEF) — 354KB
• sev-20250630_lab.xml (EX-101.LAB) — 269KB
• sev-20250630_pre.xml (EX-101.PRE) — 388KB
• sev-20250630_cal.xml (EX-101.CAL) — 43KB
• sev20250630_10q_htm.xml (XML) — 801KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 1 Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 1 Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024 1 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Three Months and Six Months Ended June 30, 2025 and 2024 2 Condensed Consolidated Statements of Changes in Shareholders' Equity for the Three Months and Six Months Ended June 30, 2025 and 2024 3 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 4 Notes to Condensed Consolidated Financial Statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 31 Item 4.

Controls and Procedures

Controls and Procedures 32

OTHER INFORMATION

PART II. OTHER INFORMATION 33 Item 1.

Legal Proceedings

Legal Proceedings 33 Item 1A.

Risk Factors

Risk Factors 33 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 3. Defaults Upon Senior Securities 33 Item 4. Mine Safety Disclosures 33 Item 5. Other Information 33 Item 6. Exhibits 34

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements SONO GROUP N.V. CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except share and per share amounts) June 30, 2025 December 31, 2024 (unaudited) (audited) KEUR KEUR ASSETS Current Assets Cash 339 1,354 Inventory 298 304 Prepaid taxes 536 531 Prepaid expenses and other 100 103 Total Current Assets 1,273 2,292 Property, plant and equipment, net of accumulated depreciation 121 129 Right of use lease assets 602 630 Total Assets 1,996 3,051 LIABILITIES AND SHAREHOLDERS ' EQUITY Current Liabilities Accounts payable and accrued expenses 697 575 Lease liability, current portion 167 58 Convertible notes payable at fair value 15,341 24,035 VAT payable - 487 Other current liabilities 12 5 Total Current Liabilities 16,217 25,160 Long-Term Liabilities Lease liability, long term portion 435 572 Total Liabilities 16,652 25,732 Commitments and Contingencies (see Note 13) Shareholders ' Equity Ordinary Shares, par value 0.02 per share, 4,300,000 shares authorized, 1,409,921 and 1,409,885 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively (Note 9) 28 28 High Voting Shares, par value 0.5 per share, 53,400 shares authorized, 40,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively (Note 9) 20 20 Additional paid-in capital 298,699 298,699 Accumulated deficit ( 313,403 ) ( 321,428 ) Total Shareholders' Equity ( 14,656 ) ( 22,681 ) Total Liabilities and Shareholders' Equity 1,996 3,051 See accompanying Notes to the unaudited Condensed Consolidated Financial Statements. 1 SONO GROUP N.V. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHESIVE INCOME (LOSS) (Amounts in thousands, except share and per share amounts) (unaudited) For the three months ended June 30, For the six months ended June 30, 2025 2024 2

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View this 10-Q filing on SEC EDGAR