Financing ·
Aptera Motors Corp. entered into a Warrant Inducement Agreement on July 10, 2026, to facilitate the cash exercise of…
SEVAptera Motors Corp
Aptera Motors Corp. entered into a Warrant Inducement Agreement on July 10, 2026, to facilitate the cash exercise of 2,880,000 existing warrants at a reduced exercise price of $2.07 per share, which will generate approximately $5.96 million in gross proceeds. In exchange, the company will issue new warrants to purchase up to 4,320,000 shares of Class B common stock at an exercise price of $2.25 per share, exercisable from January 13, 2027. Aptera Motors Corp. develops solar-powered electric vehicles.