---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-017950"
form_type: "8-K"
ticker: "SEV"
cik: "0001786471"
company_name: "Aptera Motors Corp"
filed_at: "2025-10-14T23:59:59+00:00"
generated_at: "2026-05-17T03:57:03.071611+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Aptera Motors enters $75M equity line of credit with New Circle Capital for production readiness

## Summary
- Up to $75M of Class B common stock can be sold to New Circle at 96-97% of VWAP over 36-month term.
- Commitment fee of $375,000 payable in stock or cash; structuring and legal fees total $50,000.
- Proceeds intended to support production readiness for Launch Edition vehicles.
- Aptera has discretion to draw down; New Circle cannot require sales.
- Registration statement on Form S-1 to be filed within 30 days for resale of shares.

## SEC filing metadata
- accession: 0001493152-25-017950
- form_type: 8-K
- ticker: SEV
- cik: 0001786471
- company_name: Aptera Motors Corp
- filed_at: 2025-10-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786471/000149315225017950/0001493152-25-017950-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786471/000149315225017950/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-017950
- JSON: https://secwatch.observer/filing/0001493152-25-017950.json
- Plain text: https://secwatch.observer/filing/0001493152-25-017950.txt

## Key facts
- Equity Issuances
  Aptera Motors Corp issued up to $75,000,000 of Common Stock, plus Commitment Shares of common stock to New Circle Principal Investments LLC for Structuring fee of $25,000, legal fee of $25,000, commitment fee of $375,000; purchase price at 96% or 97% of VWAP.
  - Security: common stock
  - Shares: up to $75,000,000 of Common Stock, plus Commitment Shares
  - Purchaser: New Circle Principal Investments LLC
  - Consideration: Structuring fee of $25,000, legal fee of $25,000, commitment fee of $375,000; purchase price at 96% or 97% of VWAP
  source text: Circle has no right to require the Company to sell any Common Stock to New Circle. The per share purchase price will be calculated at the Company’s election based on either (i) 97% of the lowest daily volume weighted average price (“VWAP”) of the Company’s common stock during a three consecutive trading day period (the “Option 1 Pricing Period”), or (ii)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786471/000149315225017950/0001493152-25-017950-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.