Aptera Motors Prices $6M Stock and Warrant Offering
Aptera Motors Corp. announced the pricing of a registered direct offering and concurrent private placement. The company will sell 3,428,571 shares of Class B common stock at $1.75 per share, along with warrants to purchase an equal number of shares. The offering is expected to generate approximately $6 million in gross proceeds, with net proceeds estimated at $5.5 million. These funds will be allocated towards general corporate purposes, product validation, and manufacturing readiness activities. The closing is anticipated around November 11, 2026.
Key Highlights
- Aptera Motors Corp. priced a registered direct offering of 3,428,571 shares of Class B common stock at $1.75 per share.
- The offering includes concurrent private placement warrants to purchase an additional 3,428,571 shares.
- Gross proceeds from the offering are expected to be approximately $6 million.
- Net proceeds are estimated at $5.5 million after fees and expenses.
- Warrants have an exercise price of $2.05 per share and a term of five and a half years.
- Funds will be used for general corporate purposes, product validation, and manufacturing readiness.
- The offering is expected to close on or about November 11, 2026.
Price Impact
More from SEV
Aptera Motors Suspends ATM Prospectus; Reports $9.2M Cash Balance
Aptera Motors Extends Interim CFO Tom DaPolito's Contract to Oct 2027
Aptera Motors Q2 GAAP Net Loss $10.9M; Orders First 40 Production Vehicles
More in Corporate Action
Eupraxia Pharmaceuticals to Sell Up to $300M in Common Shares via Agents Agreement
Hydrofarm Holdings Files S-1 for Resale of 17.5M Shares; Faces Going Concern Doubt
Live Oak Acquisition Corp. VI Units to Separate into Shares and Warrants Nov. 13