Aptera Motors raises $6.3M via warrant exercise, issues new warrants for 4.75M shares at $3.50

Aptera Motors Corp

Gross proceeds $6.34M from cash exercise of 3,167,500 existing warrants at $2.00/share.
Issued unregistered new warrants for up to 4,751,250 shares at $3.50/share, exercisable immediately, 5-year term.
Combined with prior exercises, total gross cash proceeds of approximately $8.1M.
Proceeds for working capital, general corporate purposes, and validation vehicle manufacturing/testing.
A.G.P. exclusive advisor; 30-day lock on further equity issuances after resale registration effective.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Aptera Motors Corp issued up to 4,751,250 shares of Common Stock of warrant to holders of certain existing warrants for $3.50 per share.

Security: warrant
Shares: up to 4,751,250 shares of Common Stock
Purchaser: holders of certain existing warrants
Consideration: $3.50 per share

Exact text from the filing

of the number of shares of Common Stock issued upon exercise of the Existing Warrants (the “Inducement Warrant Shares”). The Inducement Warrants will have an exercise price of $3.50 per share, will be exercisable immediately and will expire on the five-year anniversary of their issuance date. The Company has agreed to file a registration statement within ten

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Aptera Motors Corp entered into Warrant Inducement Agreement with holders of certain existing warrants valued at approximately $6.34 million (effective 2026-03-12).

Action: entry
Agreement: equity purchase
Counterparty: holders of certain existing warrants
Value: approximately $6.34 million
Effective: 2026-03-12

Exact text from the filing

On March 12, 2026, Aptera Motors Corp., a Delaware corporation (the “Company”), entered into a Warrant Inducement Agreement (the “Inducement Agreement”) with holders (the “Holders”) of certain existing warrants

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Aptera Motors Corp filing history →

Source: SEC EDGAR

accession 0001493152-26-009780

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