#46. Quiet Active Period

The countdown to the IPO continues.

In the meantime, I got it in writing: the quiet period for me immediately ends after the IPO. The little Sono Sunday news for the reservation holders can continue. I can't tell you how much I'm looking forward to it.

Currently, many websites expect the IPO between November 16 and 18. In the best case, Sono will be valued at over a billion.

https://www.webull.com/news/47051373

https://marketrealist.com/p/sono-motors-ipo-date-price-valuation/

I have received a few emails, so two more comments:

• in an IPO new shares are created and sold, the proceeds go to the company. In Sono's case, 10 million shares are to be sold at $14-16, with a "reserve" of another 1.5 million shares. That equates to a cash inflow of up to $184 million (about €160 million). Source: sec.gov (search for "SEV")

• Even after the IPO, Laurin and Jona retain the majority of voting rights, there is no "hostile takeover". Source: sec.gov (search for "SEV”, read the F-1 filing)

Everything else then after the end of the Quiet Period.