Financing ·
Aptera Motors prices $6M registered direct offering at $1.75 per share with concurrent private placement of warrants
SEVAptera Motors Corp
Aptera Motors Corp. entered into a securities purchase agreement to sell 3,428,571 shares of Class B common stock in a registered direct offering at $1.75 per share. Concurrently, the company issued private warrants exercisable for an equal number of shares at $2.05 per share. Gross proceeds are expected to be approximately $6 million, with net proceeds estimated at $5.5 million after fees and expenses. The transaction received stockholder approval on November 10, 2026, and is expected to close around November 12, 2026. Aptera Motors Corp. operates in the solar mobility industry, developing ultra-efficient solar electric vehicles.