Aptera Motors (NASDAQ:SEV) Prices Public Offering of 4.5 Million Shares, Expected to Raise $9 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4h ago
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Source: Newsfilter
- Offering Details: Aptera Motors announced a public offering of 4.5 million shares of Class B common stock at $2.00 per share, with expected gross proceeds of approximately $9 million, and potential additional proceeds of $9 million if all warrants are exercised, totaling up to $18 million.
- Use of Proceeds: The company intends to utilize the net proceeds for general corporate purposes, including ongoing product validation, manufacturing readiness, supplier engagements, and long-lead tooling, aimed at accelerating the production timeline of its solar electric vehicle.
- Closing Timeline: The offering is expected to close on or about January 26, 2026, subject to customary closing conditions, reflecting the company's active engagement in capital markets and confidence in future growth.
- Regulatory Compliance: The securities are being offered under the company's SEC-approved S-1 registration statement dated January 22, 2026, ensuring the legality and transparency of the offering, which enhances investor trust.
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About SEV
Aptera Motors Corp. is a solar mobility company focused on developing and manufacturing solar electric vehicles. Its business is the development, production, and distribution of energy-efficient solar-powered, battery-electric vehicles. Its flagship vehicle is a paradigm-shifting solar electric vehicle that leverages aerodynamics, material science, and solar technology to pursue new levels of efficiency. It focusses on completing the development and commencing production of the Aptera. The Aptera is designed to be an efficient vehicle, minimizing energy consumption through its aerodynamic design and lightweight construction. Its integrated solar panels are intended to supplement battery charging, potentially allowing drivers to travel significant distances using only solar power. It has designed the Aptera vehicle to provide up to an estimated 40 miles per day and 11,000 miles per year of solar-powered driving by collecting energy from the sun and storing it in its battery pack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
