Aptera Motors Transitions to Public Benefit Corporation, Adds Industry Veterans to Board

Core Insights - Aptera Motors Corp. has transitioned to a Public Benefit Corporation (PBC) under Delaware law, emphasizing its commitment to solar mobility and sustainability [1][2] - The company aims to balance financial performance with social and environmental responsibilities, legally considering the interests of all stakeholders [2][3] - Aptera's performance will now be evaluated based on its effectiveness in promoting solar mobility and reducing energy dependence [3] Corporate Governance - The transition to a PBC aligns Aptera's governance with its mission of energy freedom and community well-being [4] - Two new independent directors, Tony Kirton and Todd Butz, have been appointed to the Board, bringing extensive experience in automotive operations and financial management [4][5][6] Leadership Appointments - Tony Kirton has over 40 years of experience in international automotive leadership, expected to provide strategic insights for Aptera's growth [5][7] - Todd Butz, a veteran financial executive, will contribute expertise in manufacturing scale and corporate governance, crucial for navigating financial complexities [6][7] Mission and Vision - Aptera's evolution into a PBC formalizes its long-standing mission to innovate for the benefit of people and the planet [8] - The company is focused on creating a sustainable business model that positively impacts stakeholders and the environment through its solar electric vehicle technology [9]