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Aptera Motors Announces Closing of Warrant Inducement Transaction for $5.96 Million in Gross Proceeds

SEV
  • Aptera Motors Corp. closed the immediate exercise of warrants issued in March 2026 to purchase 2,880,000 Class B Common Stock shares at $2.07 per share.
  • The transaction generated approximately $5.96 million in gross cash proceeds before fees & expenses.
  • In exchange, the company issued new unregistered warrants to purchase up to 4,320,000 Class B Common Stock shares at an exercise price of $2.25 per share.
  • The new warrants become exercisable six months after issuance & expire five and a half years from the date of issuance.
  • Net proceeds will be used for working capital, general corporate purposes, & advancing validation vehicle manufacturing & testing.
  • A.G.P./Alliance Global Partners served as the exclusive financial advisor for the transaction.
  • The new warrants & underlying shares were offered in a private placement under Section 4(a)(2) of the Securities Act &/or Regulation D without SEC registration.
  • The company agreed to file a registration statement with the SEC covering the resale of shares issuable upon exercise of the new warrants.