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Old 02-24-2023, 01:45 PM   #1267 (permalink)
freebeard
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Additionally, we shared we received $6 million in additional funding by means of a real estate loan on our Eugene, Oregon factory. This additional financing comes shortly after the $12 million public offering that closed on January 20th. A portion of the net proceeds from the offering were used to repay the convertible note with 3i. The remaining funding will be used for working capital and general corporate purposes.
Hard times make strong men.

edit;
Sion born dead: www.bloomberg.com: Sono Scraps Solar Car and Dismisses Almost Three-Quarters of Staff
Quote:
  • The Sion hatchback was due to go into production this year
  • German company will now pivot to selling its solar technology
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Last edited by freebeard; 02-24-2023 at 02:10 PM..
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