Aptera Motors Announces Pricing of $9 Million Public Offering

Core Viewpoint - Aptera Motors Corp. has announced a public offering of 4,500,000 shares of Class B common stock at a price of $2.00 per share, along with warrants to purchase an additional 4,500,000 shares at the same price, aiming to raise approximately $9 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The public offering includes 4,500,000 shares of Class B common stock and warrants, with an exercise price of $2.00 per share, exercisable immediately and expiring in five years [1]. - Gross proceeds from the offering are expected to be around $9 million, with potential additional proceeds of up to $9 million if all warrants are exercised, totaling a possible $18 million [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes, ongoing product validation, manufacturing readiness activities, vehicle validation testing, design-for-manufacturability advancements, production planning, supplier engagements, and long-lead tooling [3]. Group 3: Closing and Regulatory Information - The offering is anticipated to close on or about January 26, 2026, subject to customary closing conditions [4]. - The securities are being offered under the Company's registration statement on Form S-1, which was declared effective by the SEC on January 22, 2026 [5].