Aptera signs strategic manufacturing pact with Shanghai Launch; issues warrants

Aptera Motors Corp

Partnership with Shanghai Launch Automotive Technology for manufacturing, engineering, tooling, testing for Aptera's solar EV.
Project valued up to RMB 300M: 2/3 cash (up to RMB 200M) and 1/3 warrants (up to RMB 100M).
Issued 3,369,629 initial warrants to Launch at $2.20 exercise price, worth RMB 50M, on Aug 14, 2026.
Warrants 5-year term; subsequent warrants exercise price = greater of Nasdaq minimum price or $2.25/share.
Subject to 4.99% beneficial ownership cap and 19.99% exchange cap; warrants issued under Regulation S.

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