Aptera Motors Corp. (SEV.NaE) (“Aptera” or the “Company”) today announced the pricing of its public offering for the purchase and sale of 4,500,000 shares of its Class B common stock together with common stock warrants to purchase up to 4,500,000 shares of Class B common stock. The public offering price is $2.00 per share and accompanying warrant. The common stock warrants will have an exercise price of $2.00 per share, will be exercisable immediately, and will expire five years from the issuance date.
Gross proceeds from the offering are expected to be approximately $9 million, before deducting placement agent fees and other offering expenses. If all of the warrants issued in the offering are exercised for cash, the Company could receive additional gross proceeds of up to approximately $9 million, resulting in up to $18 million gross proceeds to the Company. All of the securities in the offering are being sold by the Company.
A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
The Company intends to use the net proceeds from the offering to support general corporate purposes, ongoing product validation and manufacturing readiness activities, including vehicle validation testing, advancement of design-for-manufacturability and production planning efforts, initiation of production supplier engagements, and commencement of long-lead tooling in support of planned start-of-production timing.
The offering is expected to close on or about January 26, 2026, subject to customary closing conditions.
The securities are being offered and sold pursuant to the Company’s registration statement on Form S-1 which was declared effective by the SEC on January 22, 2026. This offering is being made only by means of a prospectus forming part of the effective registration statement. A preliminary prospectus relating to the offering has been filed with the SEC. A final prospectus will be filed with the SEC and made available on its website at
www.sec.gov and may also be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at
[email protected]
