Aptera Motors raises $6.3 million through warrant exercise transaction

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Go back to Aptera Motors raises $6.3 million through warrant exercise transaction

Aptera Motors Announces a Warrant Inducement Transaction for $6.3 Million in Gross Proceeds

March 12, 2026 8:00 AM EDT

CARLSBAD, Calif., March 12, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV) (the Company or Aptera), a solar mobility company advancing ultra-efficient transportation, today announced the immediate exercise of warrants, previously issued in January 2026, to purchase up to 3,167,500 shares of its Class B Common Stock pursuant to their existing terms for gross cash proceeds of approximately $6.3 million before deducting financial advisor fees and other transaction expenses.

In consideration for the immediate cash exercise of the existing warrants, the Company has agreed to issue new, unregistered warrants to purchase up to 4,751,250 shares of Class B Common... More