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Sono Group N.V. has filed a Form 12b-25 to notify a late filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2025. Management is still finalizing accounting adjustments from the company’s transition from IFRS to U.S. GAAP and the accounting for a September 5, 2025 exchange of outstanding convertible debentures into preferred shares, including classification, measurement, earnings per share and related disclosures. The company indicates it expects to file the Form 10-Q within the additional time allowed. Results for the first nine months of 2025 will show a material change in net income versus the prior-year period because 2024 included a significant restructuring gain, while 2025 reflects a substantially smaller amount of other income mainly from fair value adjustments on outstanding debt.
Mizuho Financial Group, Inc. filed a Schedule 13G reporting beneficial ownership of 97,300 common shares of Sono Group N.V., representing 6.8% of the class as of 09/30/2025.
Mizuho reports sole voting and dispositive power over 97,300 shares, with no shared power. The filing identifies Mizuho as a Parent Holding Company and notes the stake is held indirectly through its wholly owned subsidiary, Mizuho Securities USA LLC. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
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