Following Pivot to a Pure Solar Tech Company, Members of Sono Group N.V.’s Supervisory Board Resign
April 21 2023 - 4:45PM
On 24 February 2023, Sono Group N.V. (NASDAQ: SEV) (“Sono Motors”
or the “Company”) announced its commitment to change its
business model to focus exclusively on its solar business for B2B
customers and to terminate the Sion passenger car program. This has
led to a shift in the Company’s business model and operations
away from its supervisory board members’ strong expertise in the
areas of automotive, digitalization, and Community-focus. Against
this background four members of the Company’s supervisory board,
Chair Martina Buchhauser, Vice-Chair Robert Jeffe, Arnd
Schwierholz, and Community Representative Sebastian Böttger, today,
21 April 2023, announced their resignation with immediate effect.
Jona Christians, co-founder and Co-CEO of Sono Motors: “Based on
their experience, Martina, Robert, Arnd, and Sebastian have made an
important contribution to our company. We are very grateful
for the dedication they’ve shown to our mission in the past and
wish them all the best for the future.”
Johannes Tischler, who was nominated to the supervisory board by
Laurin Hahn, will continue to serve on the Company’s supervisory
board and the supervisory board can thus continue to perform its
duties.
The Company has commenced the process of finding suitable
candidates to fill the vacancies on its supervisory board as
promptly as reasonably practicable, taking into account the
Company’s nomination arrangement pursuant to which the Company’s
Co-CEOs and Co-Founders, Laurin Hahn and Jona Christians, acting
individually, are each permitted to make a binding nomination for
one supervisory board member. Once suitable candidates have been
identified, the Company shall convene a general meeting of
shareholders to appoint them.
As a consequence of the resignation of all members of the
Company’s supervisory board except Johannes Trischler described
above, the Company will not have any supervisory board committees
until new candidates for the Company’s supervisory board have been
identified and appointed.
ABOUT SONO MOTORSSono Group N.V.
(NASDAQ: SEV) is on a pioneering mission to accelerate the
revolution of mobility by making every vehicle solar. Sono Motors’
disruptive solar technology has been engineered to be seamlessly
integrated into a variety of vehicle architectures — including
third-party OEM cars, buses, refrigerated vehicles, and
recreational vehicles — to extend range and reduce fuel costs as
well as the impact of CO2 emissions, paving the way for
climate-friendly mobility.
CONTACT Press: press@sonomotors.com IR:
ir@sonomotors.com
FORWARD-LOOKING STATEMENTSThis press release
includes forward-looking statements. The words "expect",
"anticipate", "intends", "plan", "estimate", "aim", "forecast",
"project", "target", “will” and similar expressions (or their
negative) identify certain of these forward-looking statements.
These forward-looking statements are statements regarding the
Company's intentions, beliefs, or current expectations.
Forward-looking statements involve inherent known and unknown
risks, uncertainties, and contingencies because they relate to
events and depend on circumstances that may or may not occur in the
future and may cause the actual results, performance, or
achievements of the Company to be materially different from those
expressed or implied by such forward looking statements. These
risks, uncertainties and assumptions include, but are not limited
to the risks, uncertainties and assumptions set forth in the
Company’s filings with the U.S. Securities and Exchange Commission
(“SEC”), which are accessible on the SEC’s website at www.sec.gov
and on the Company’s website at ir.sonomotors.com. Many of these
risks and uncertainties relate to factors that are beyond the
Company's ability to control or estimate precisely, such as the
actions of regulators and other factors. Readers should therefore
not place undue reliance on these statements, particularly not in
connection with any contract or investment decision. Except as
required by law, the Company assumes no obligation to update any
such forward-looking statements.
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