Core Viewpoint - Aptera Motors plans to directly list on NASDAQ on October 16, 2023, with existing shareholders selling shares without raising new funds [1][2] Group 1: Company Overview - Aptera Motors is a solar electric vehicle (SEV) manufacturer focused on developing and producing efficient three-wheeled electric vehicles [1] - The company was founded in 2019 and is headquartered in Carlsbad, California [2] Group 2: Listing Details - The direct listing will involve the sale of up to 31.7 million shares by registered shareholders, with no underwriters involved [2] - The reference price for the shares will be determined on the day trading begins, and the company has not disclosed this price [1] Group 3: Financial Projections - If Aptera lists at a price of $40.85 per share, its market capitalization could reach $1.3 billion [1] - Approximately 155,000 shares were privately sold at a volume-weighted average price of $40.85 in Q2 2025 [1] Group 4: Current Status - Aptera has not yet commenced production of its solar electric vehicles and has not generated any revenue to date [1]