Sono Group NV Raises $600,000 Through Private Placement of Convertible Debenture
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Sono Group NV has raised $600,000 through a private placement of a convertible debenture issued to YA II PN, Ltd. The debenture matures on January 26, 2027, with a 12% annual interest rate, increasing to 18% upon default. Yorkville can convert the debenture into Ordinary Shares at $18.75 per share or 85% of the lowest daily volume weighted average price over the last seven trading days. The transaction was completed without registration under the Securities Act of 1933, relying on applicable exemptions.
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