Sono Group Receives Notice of Delisting from Nasdaq – Sono Motors

July 20, 2023

MUNICH, Germany, 18 July 2023 – On July 12, 2023, solar tech company Sono Group N.V. (NASDAQ: SEV) (“Sono Group” or the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the staff of the Listing Qualifications Department (the “Staff”) has determined that the Company’s securities will be delisted from Nasdaq in accordance with Listing Rules 5101, 5110(b) and IM-5101-1. The Company has requested a hearing before the Nasdaq Hearings Panel to appeal the Staff’s determination. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. These forward-looking statements are statements regarding the company's intentions, beliefs, or current expectations. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision.

The source of this news is from Sono