Sono Group And Sports One Enter Into A Non-Binding Letter Of Intent To Combine; Sports One Affiliated Investors Purchase 283,500 Ordinary Shares Representing 19.9% Of Outstanding Shares
Sono Group N.V. (NASDAQ:SSM) ("Sono" or the "Company") and Sports One ("Sports One") today announced that they have entered into a non-binding letter of intent (the "Letter of Intent") to
Sono Group and a company called Sports One are talking about joining together, and Sports One's owners just bought a big chunk of Sono. Think of it like two teams considering a merger while one team's owners show they believe in the deal by buying in.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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