# Sono Group N.V. (SSM) — merger/definitive [expired]
Source: sec.gov · situation sit_06bed866b481a0ad97af · public 3628701510628931037 · retrieved 2026-09-03T11:43:03.317Z

## Overview
Sono Group N.V. is a company that has signed a letter of intent to combine with Sports One to acquire and hold minority interests in professional sports teams and operate a sports intelligence business.

Sono Group N.V. (Nasdaq: SSM) signed a non-binding letter of intent to combine with Sports One, a company formed to acquire and hold minority interests in professional sports teams and operate a sports intelligence business valuing athletes' name, image and likeness (NIL) rights. Concurrently, a group of investors purchased 283,500 ordinary shares representing 19.9% of Sono Group's outstanding ordinary shares at market price with no discount, no warrant coverage, and a 180-day lock-up. The proposed combination is subject to definitive documentation, due diligence, regulatory review, and shareholder approval.

## Terms
- Counterparty: Sports One · Stake: 19.9%

## Key dates
- Announced 2026-09-02 · Expired 2026-08-31

## Timeline
- 2026-08-31 · 425 (0001171843-26-005809): 425 - Sono Group N.V. — *Certain events of default will apply to the Transactions under the ISDA Master Agreement and Schedule, including, but not limited to, failure to pay or deliver, breach of the agreement, credit support default, cross-defaults and misrepresentation.* Sports One Transaction On August 31, 2026, the Company and Sports One (" Sports One "), that has recently been formed to operate a sports intelligence business that provides real-time athlete-level data, social media value scoring, and quantified data for what each athlete is worth to sponsors, and which also intends to acquire and hold minority interests in professional sports teams with primary focus on the NBA, NFL, MLB and NHL, issued a joint press release, which is attached as Exhibit 99.1 hereto, announcing that they have entered into a non-binding letter of intent (the " Letter of Intent ") for a business combination.
  https://www.sec.gov/Archives/edgar/data/1840416/0001171843-26-005809.txt
- 2026-09-02 · 425 (0001171843-26-005854): 425 - Sono Group N.V. — *Sono Group N.V. is a company that has signed a letter of intent to combine with Sports One to acquire and hold minority interests in professional sports teams and operate a sports intelligence business.* Sono Group N.V. (Nasdaq: SSM) signed a non-binding letter of intent to combine with Sports One, a company formed to acquire and hold minority interests in professional sports teams and operate a sports intelligence business valuing athletes' name, image and likeness (NIL) rights. Concurrently, a group of investors purchased 283,500 ordinary shares representing 19.9% of Sono Group's outstanding ordinary shares at market price with no discount, no warrant coverage, and a 180-day lock-up. The proposed combination is subject to definitive documentation, due diligence, regulatory review, and shareholder approval.
  https://www.sec.gov/Archives/edgar/data/1840416/0001171843-26-005854.txt

## Citations
- 0001171843-26-005809 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000117184326005809
- 0001171843-26-005854 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000117184326005854