other material
confidence high
sentiment neutral
materiality 0.55
Aptera prices $6M registered direct at $1.75/share; warrants for 3.43M shares at $2.05
Aptera Motors Corp
- Registered direct: 3,428,571 Class B shares at $1.75, about $6M gross; net proceeds expected ~$5.5M after placement-agent fees and expenses.
- Concurrent private placement: warrants for 3,428,571 Class B shares at $2.05, exercisable after Nov. 10, 2026 stockholder approval, expiring 5.5 years from initial exercise.
- Ladenburg Thalmann is lead placement agent, StoneX co-agent; 7.0% cash fee plus up to $65,000 expenses and 102,857 agent warrants at $2.1875.
- Holders of 83.5% of Class A approved by written consent the offering and ratified July 2026 inducement: 2,767,500 shares at $2.07 and new warrants for 4,151,250 at $2.25.
- Proceeds for general corporate purposes, vehicle validation, manufacturing readiness, supplier engagements and long-lead tooling; closing expected on/about Nov. 12, 2026.