Reference transaction
Advisory to Sono Motors GmbH
in carrying out the international investor process
Saxenhammer exclusively supported Sono Motors GmbH, a Munich-based solar technology company, and its parent company Sono Group N.V., in carrying out an international investor process. In 2021 Sono Group N.V. successfully completed an IPO on the Nasdaq Global Market (OTCMKTS: SEVCQ).
Sono Motors GmbH has set itself the task of fundamentally revolutionizing global mobility and today focuses on equipping vehicles with solar cells. A groundbreaking solar technology has been developed to enable seamless integration into a variety of vehicle types, including non-OEM vehicles, buses, refrigerated vehicles and RVs. On February 7, 2024, Sono Motors GmbH was able to obtain confirmation of the insolvency plan by the Munich District Court (Insolvency Court), Germany, as well as the completion of the previously announced investor deal with YA II PN, Ltd. (“Yorkville”). As early as January 2024, the holding company Sono Group N.V. withdraw their application for preliminary self-administration proceedings at the Munich District Court.
Yorkville is a New York - based, global investment manager for private investment funds. According to its own information, YA has managed a transaction volume of more than USD 5.0 billion since its founding, investing in +700 companies and in +20 countries.
