Aptera Raises $5.96M from Warrant Exercise, Issues New Warrants

Aptera Motors Corp. announced it has closed the immediate exercise of warrants, generating approximately $5.96 million in gross cash proceeds. These warrants, originally issued in March 2026, allowed for the purchase of up to 2,880,000 shares at a reduced price of $2.07 per share. In consideration, the company issued new, unregistered warrants to purchase up to 4,320,000 shares of Class B Common Stock at an exercise price of $2.25 per share. The net proceeds will be used for working capital, general corporate purposes, and advancing validation vehicle manufacturing and testing.