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Sono Group ( (SEVCF) ) has issued an announcement.
Sono Group N.V. announced a partial amendment to its articles of association, which includes a consolidation of shares and a reduction in capital. The Extraordinary General Meeting decided on a share consolidation ratio of 75:1 for both ordinary and shares with increased voting rights. The nominal value of ordinary shares is reduced to €0.02, and that of shares with increased voting rights to €0.50, aimed at offsetting past losses. This move is significant for stakeholders as it indicates an effort to streamline the company’s capital structure and improve financial health.
More about Sono Group
Sono Group N.V. is a publicly traded company based in Amsterdam, registered in the Netherlands’ Chamber of Commerce. While specific industry details are not provided in the release, the company is involved in capital management and shareholder relations, evidenced by its recent actions involving stock consolidation and capital reduction.
YTD Price Performance: -8.33%
Average Trading Volume: 112,668
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.98M
Find detailed analytics on SEVCF stock on TipRanks’ Stock Analysis page.
