Sono Group (SEVCF) Proxy filing summary

Executive summary

• Completed sale of all shares in subsidiary Sono Motors GmbH to its managing directors for €1, fully exiting legacy solar operations as of May 4, 2026.

• Simultaneously assigned €10.5 million in shareholder loan repayment claims to the buyers for €1, with a two-year standstill and subordination under German insolvency law.

• Terminated all service and lease agreements between the parties, with efforts to transfer the Munich premises lease to Sono Motors by June 30, 2026.

• Company now operates as a digital asset treasury, focusing on Bitcoin acquisition and yield generation via a covered-call strategy.

• No further equity interest or operational obligations remain with Sono Motors; the company retains a license to use the "Sono" brand for listing and trading purposes.

Voting matters and shareholder proposals

• Plans to solicit shareholder ratification of the Treasury Strategy at an extraordinary general meeting, with a proxy statement to be filed.

• Shareholders will receive proxy materials and a proxy card for voting on the Treasury Strategy.

Board of directors and corporate governance

• Directors and executive officers may be deemed participants in the proxy solicitation for the Treasury Strategy ratification.

• Information on director and officer interests will be available in the upcoming proxy statement and annual report.