CARLSBAD, Calif., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV) today announced that the Company will participate in the Northland Growth Conference, taking place virtually on Tuesday, December 16, 2025. The event will consist of virtual one-on-one and small group investor meetings, scheduled in 30-minute increments throughout the day. Chris Anthony, Co-CEO, and members of Aptera’s Finance team will be available for these meetings. Investors interested in meeting with Aptera may contac ...

Nine month (9M) 2025 net income of €6.6 million primarily driven by fair value adjustments; revenue begins to reflect initial commercialization; continued progress on OEM collaborationsMUNICH, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Sono Group N.V. (Nasdaq: SSM) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH, hereafter referred to as “Sono Solar” or “Subsidiary”), the solar technology company, today announced its financial results for the third quarter ended September 30, 20 ...

Core Viewpoint - Aptera Motors Corp. reported its third-quarter financial results for 2025, highlighting a focus on disciplined execution and preparation for its transition to a public company, with significant developments in funding and operational capacity [2][3]. Financial Performance - The company reported a GAAP net loss of $5.5 million for Q3 2025, an improvement from a loss of $8.2 million in Q3 2024 [3][7]. - The adjusted net loss (Non-GAAP) for Q3 2025 was $2.9 million, compared to $5.8 million in Q3 2024 [3][7]. - Operating expenses for Q3 2025 were $7.9 million, slightly down from $8.3 million in Q3 2024 [3]. - The company recognized $2.5 million in other income for Q3 2025, primarily from a grant from the California Energy Commission [3][7]. - As of September 30, 2025, cash and cash equivalents stood at $12.0 million, down from $18.2 million a year earlier [3][5]. Business Update and Strategy - Aptera is focused on building out its validation vehicle assembly line and assembling its validation fleet using production-intent parts [4]. - The company has secured a $75 million equity line of credit to support its capital needs for the validation program and low-volume production [2][6]. - Following the quarter-end, Aptera's Class B Common Stock began trading on the Nasdaq Capital Market, marking a significant milestone in its public transition [6]. Operational Challenges - The company is addressing previously disclosed material weaknesses in internal control over financial reporting as part of its remediation plan [7]. - The liquidity position raises concerns about the company's ability to continue as a going concern without additional financing [5].

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]

Core Insights - Etera Motors is set to begin trading on NASDAQ under the ticker symbol SEV, marking a significant step for the company as it prepares for production and funding [1][10][11] Company Overview - Etera Motors is focused on producing a solar-powered electric vehicle (EV) called Optera, which features a unique three-wheel design and aims to create a new category in the EV market [6][10] - The vehicle has garnered approximately $2 billion in reservations, with 50,000 pre-orders, indicating strong market interest [3][28] Production and Funding - The company plans to start manufacturing within the next 9 to 12 months, with the direct listing expected to facilitate funding for production [2][4] - Cash from reservations will not be usable until production is imminent, which is projected to be about six months away [4] Vehicle Features and Market Position - The Optera can travel 400 miles on a full charge and includes 700 watts of solar cells, allowing it to charge while driving, particularly beneficial for daily commutes under 40 miles [5][6] - The vehicle is designed for specific use cases, such as commuting and recreational activities, rather than family transport [7][8] Pricing Strategy - Etera Motors aims to keep the vehicle's price competitive, targeting a price point around $40,000, which is positioned as a compelling value proposition given the potential fuel savings [10][27] - The company emphasizes affordability to ensure accessibility for a broader audience [10][11] Market Outlook - The company aspires to produce and deliver 1 million vehicles by 2038, with plans to scale production and open multiple plants globally [25][29] - Etera Motors believes that its solar EV technology can alleviate some of the infrastructure burdens associated with traditional EVs, as it does not rely heavily on grid power for everyday use [19][20]

Core Points - Aptera Motors Corp. has received effective registration from the U.S. SEC for its Class B common stock, allowing shareholders to transfer shares to brokerage accounts via the Direct Registration System (DRS) [1][2] - Shares are not yet trading on any exchange, and the company is in discussions with Nasdaq to finalize a public listing date, which will not occur before October 14, 2025 [1][2] - Shareholders must provide their CUSIP Number (03835W104) and a statement of shares from their Computershare account to initiate transfers [2] Company Overview - Aptera Motors Corp. is a solar mobility company focused on advancing efficient transportation through its solar electric vehicle, which utilizes innovations in aerodynamics, material science, and solar technology [5] - The company operates as a public benefit corporation, emphasizing sustainability and positive impacts on stakeholders and the environment [5] - Aptera is headquartered in Carlsbad, California, and further information can be found on its website [5]