Sono Group Completes Solar Exit, Deploys Financing into Bitcoin
On May 4, Sono Group transferred its equity stake in Sono Motors GmbH to its management team, completing its exit from legacy solar operations and freeing capital. Proceeds from March financing were deployed into Bitcoin, and company focuses on acquiring Bitcoin and generating covered-call yield under an ISDA framework.
1. Completion of Solar Exit
On May 4, Sono Group closed the legal transfer of its former subsidiary Sono Motors GmbH to companies controlled by its management team. The legacy solar business, led by Denis Azhar and Jan Schiermeister, has been fully divested, leaving Sono Group with no remaining equity interest or operational obligations and retaining only a royalty-free license to the Sono name for its securities listing.
2. Shift to Digital Asset Treasury
Following its March 2026 financing, Sono Group immediately deployed the proceeds into Bitcoin acquisition. The company now operates solely as a digital asset treasury under an institutional ISDA Master Agreement, focusing on building long-term shareholder value through Bitcoin accumulation and structured covered-call yield strategies.