Aptera Motors Corp

Aptera Motors Corp. has amended the engagement agreement for its Interim Chief Financial Officer, Tom DaPolito. The amendment, effective October 16, 2026, extends his term through October 16, 2027. Additionally, all of Mr. DaPolito's unvested stock options will fully vest upon a change of control, and the post-termination exercise period for vested options is extended to three years, provided the termination is not for Cause.

Aptera Motors Corp. reported a GAAP net loss of $10.9 million for Q2 2026 and $21.1 million for the first half of 2026. The company ended the quarter with $10.1 million in cash and cash equivalents and subsequently raised an additional $6.0 million. Operationally, Aptera received the EPA Certificate of Conformity for its 2026 Launch Edition and placed orders for components for its first 40 production vehicles, marking significant progress towards low-volume production.

Aptera Motors Corp. reported a net loss of $(10.9) million for Q2 2026 and $(21.1) million for the first six months of 2026, an improvement from the prior year. The company explicitly stated substantial doubt about its ability to continue as a going concern, citing insufficient cash to fund operations for the next twelve months and dependence on future capital raises. Despite this, Aptera has raised significant capital through an Equity Line of Credit, common stock issuance, and warrant exercises, including $6.0 million post-quarter. The company also settled a legal dispute for design patent infringement.

Aptera Motors reported a Q2 2026 GAAP net loss of $10.9 million and an adjusted net loss of $7.2 million. For the first half of 2026, the GAAP net loss was $21.1 million. The company achieved significant operational milestones, including receiving EPA Certificate of Conformity for its 2026 Launch Edition and placing orders for bodies and chassis for the first 40 production vehicles. Aptera ended the quarter with $10.1 million in cash and raised an additional $6.0 million post-quarter end, bringing year-to-date gross capital raised to $24.6 million.

Aptera Motors Corp. filed an S-1 registration statement for the resale of up to 4,320,000 shares of Class B Common Stock by selling stockholders. These shares are issuable upon the exercise of warrants, which were issued in a private placement on July 13, 2026. The company received approximately $5.96 million in gross proceeds from the prior exercise of existing warrants that led to the issuance of these new warrants. The warrants have an exercise price of $2.25 per share and become exercisable on January 13, 2027.

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.

Aptera Motors Corp. announced the closing of a warrant inducement transaction, generating approximately $5.96 million in gross proceeds. This was achieved through the cash exercise of existing warrants for 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. The net proceeds will be utilized for working capital, general corporate purposes, and advancing validation vehicle manufacturing and testing phases.

Aptera Motors Corp. announced the immediate exercise of warrants, previously issued in March 2026, generating approximately $5.7 million in gross cash proceeds. In consideration for this immediate cash exercise, the company will issue new, unregistered warrants to purchase up to 4,162,500 shares of Class B Common Stock at an exercise price of $2.25 per share. The net proceeds from this transaction will be used for working capital, general corporate purposes, and the continued advancement of its validation vehicle manufacturing and testing phases.

Aptera Motors Corp. announced it has received a Certificate of Conformity (CoC) from the U.S. Environmental Protection Agency (EPA) for its 2026 Aptera Launch Edition vehicle. This CoC, issued on June 18, 2026, is a crucial federal emissions compliance milestone, confirming the vehicle meets applicable federal emissions requirements for the U.S. market. It is one of two primary federal certifications needed before the vehicle can be legally sold in the United States, with the remaining step being compliance with Federal Motor Vehicle Safety Standards (FMVSS).

Aptera Motors Corp. announced a significant internal validation milestone, with its solar electric vehicle achieving over 4 kilowatt-hours (kWh) of daily solar energy generation under real-world conditions. The vehicle registered 4.42 kWh, enabling up to 44 miles of travel per day based on its efficiency design target. This achievement validates a long-standing company objective, and Aptera has engaged a third-party laboratory for independent verification, with results expected within the next month.