Aptera Motors Announces Pricing of $6 Million Registered Direct Offering and Concurrent Private Placement
Key Highlights
- ➤Aptera (SEV) priced a $6 million registered direct offering at $1.75 per share
- ➤Investors will receive warrants for 3,428,571 shares exercisable at $2.05
- ➤Warrants run five and one half years from the initial exercise date
- ➤Proceeds will fund product validation and manufacturing readiness activities
- ➤Offering closing is expected on or about November 11, 2026
CARLSBAD, Calif., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (Nasdaq: SEV) (“Aptera” or the “Company”), a solar mobility company advancing ultra-efficient transportation, today announced that it has entered into a definitive securities purchase agreement with institutional investors for the purchase and sale of 3,428,571 shares of the Company’s Class B common stock at an offering price of $1.75 per share in a registered direct offering.
In addition, in a concurrent private placement, the Company will issue to the investors unregistered warrants to purchase up to 3,428,571 shares of Class B common stock in the aggregate. The warrants will have an exercise price of $2.05 per share, will be exercisable on or after stockholder approval, and will have a term of five and one half years from the initial exercise date.
Get started
Create a free account to read the full story.