Aptera Motors Corp reported first quarter ended March 31, 2026 results: net income $ (10,194 ), EPS $(0.32).
“Aptera Motors Corp. (NASDAQ: SEV) (“Aptera” or the “Company”), a solar mobility company advancing ultra-efficient transportation, today reported its financial results for the first quarter ended March 31, 2026.”
Equity Issuances
Aptera Motors Corp issued warrants to purchase up to 210,000 shares of Class B common stock of warrant to Zaptera USA, Inc..
“On April 8, 2026, the Company agreed to issue to Zaptera 105,000 shares of the Company’s Class B common stock, par value $0.0001 per share (the “ Shares ”), and warrants to purchase up to 210,000 shares of Class B common stock (the “ Warrants ”).”
Equity Issuances
Aptera Motors Corp issued 105,000 shares of the Company's Class B common stock of common stock to Zaptera USA, Inc. for consideration for the Settlement.
“On April 8, 2026, the Company agreed to issue to Zaptera 105,000 shares of the Company’s Class B common stock, par value $0.0001 per share (the “ Shares ”), and warrants to purchase up to 210,000 shares of Class B common stock (the “ Warrants ”).”
Earnings Releases
Aptera Motors Corp reported financial results for for the fourth quarter and full year ended December 31, 2025.
“Aptera Motors Reports Fourth Quarter and Full Year 2025 Financial Results ● Reports Q4 2025 GAAP Net Loss of $15.5 Million and Full Year Net Loss of $43.9 Million ● Calculates Q4 2025 Adjusted Net Loss of $8.7 Million (Non-GAAP) and Full Year Adjusted Net Loss of $18.5 Million (Non-GAAP) ● Recognized $4.2 Million in Other Income for the Full Year, primarily from California Energy Commission Grant ● Ended Year with $9.6 Million in Cash and Cash Equivalents”
Equity Issuances
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.
“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”
Material Agreements
Aptera Motors Corp entered into Warrant Inducement Agreement with holders of certain existing warrants valued at approximately $6.34 million (effective 2026-03-12).
“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”
Equity Issuances
Aptera Motors Corp issued up to an aggregate of 135,000 shares of Common Stock of warrant to A.G.P./Alliance Global Partners.
“the Company issued to the Placement Agent warrants (the " Placement Agent Warrants ") to purchase up to an aggregate of 135,000 shares of Common Stock (the " Placement Agent Warrant Shares ") at an exercise price equal to $2.10 per share.”
Material Agreements
Aptera Motors Corp entered into Placement Agency Agreement with A.G.P./Alliance Global Partners (effective 2026-01-22).
“the Company entered into a placement agency agreement (the “ Placement Agency Agreement ”), dated January 22, 2026, with A.G.P./Alliance Global Partners (the “ Placement Agent ”) pursuant to which the Company agreed to pay the Placement Agent a total cash fee equal to 7.0% of the aggregate gross proceeds of the Offering and to reimburse the Placement Agent for (i) up to $10,000 for non-accountable expenses and (ii) up to $75,000 for the out-of-pocket accountable legal expenses incurred by the Placement Agent in connection with the Offering.”
Material Agreements
Aptera Motors Corp entered into Purchase Agreement with certain investors valued at $9,000,000 (effective 2026-01-22).
“Certain of the investors purchased their Shares and Common Warrants pursuant to a securities purchase agreement dated January 22, 2026 by and among the Company and such investors (the “ Purchase Agreement ”).”
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.
“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)”
Governance Changes
Aptera Motors Corp: Adopted Amended and Restated Bylaws establishing procedures for stockholder proposals, director nominations, public benefit corporation status, and conforming amendments (effective 2025-09-30).
“On September 30, 2025, the Amended and Restated Bylaws previously approved by the Company’s board of directors became effective.”
Governance Changes
Aptera Motors Corp: Filed an Amended and Restated Certificate of Incorporation with provisions customary for public companies and public benefit corporations (effective 2025-09-30).
“On September 30, 2025, Aptera Motors Corp. (the “Company”) filed an Amended and Restated Certificate of Incorporation (the “Restated Certificate”) with the Secretary of State of the State of Delaware.”
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