EV maker Sono skids on stock offering launch

Sono NV

26/04/2022 21:48

** Sono Group NV  SEV.O  shares down ~11% in extended
trading as co looks to raise equity
    ** Germany-based firm launches 10 mln share offering to fund
start of production of its solar electric car, the Sion
 urn:newsml:reuters.com:*:nGNX1FMlzy
    ** Berenberg, Cantor Fitzgerald and B. Riley Secs jt
bookrunners for offering
    ** Shares on Tues fell 4.2% to $5.90
    ** Co's stock closed at $38.20 on Nov 17 debut after it
raised $150 mln in IPO priced at $15  urn:newsml:reuters.com:*:nL1N2S82UN

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))