CARLSBAD, Calif., Feb. 04, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV), a solar mobility company focused on advancing the future of efficient transportation, today announced that its Carlsbad, California assembly facility received Foreign-Trade Zone (FTZ) designation. The FTZ program, administered by U.S. Customs and Border Protection, is designed to support U.S.-based assembly by allowing qualified companies to defer, reduce, or eliminate certain customs duties on imported materials used in ...

Core Viewpoint - Aptera Motors Corp. has successfully closed a public offering of 4,500,000 shares of Class B common stock and accompanying warrants, raising approximately $9 million in gross proceeds, with potential additional proceeds of up to $9 million if all warrants are exercised, totaling up to $18 million [1][2]. Group 1: Offering Details - The public offering price was set at $2.00 per share and warrant, with warrants having an exercise price of $2.00 per share, immediately exercisable and expiring five years from issuance [1][2]. - A.G.P./Alliance Global Partners acted as the sole placement agent for the offering [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general corporate purposes, ongoing product validation, and manufacturing readiness activities, including vehicle validation testing and production planning [3]. Group 3: Company Milestone - The completion of this offering is considered a significant milestone for Aptera, enabling the company to fund critical validation and manufacturing readiness activities in 2026, which would not have been possible prior to its public Nasdaq listing [4]. Group 4: Company Overview - Aptera Motors Corp. is a solar mobility company focused on advancing efficient transportation through its solar electric vehicle, which aims to achieve new levels of efficiency using advancements in aerodynamics, material science, and solar technology [5]. - As a public benefit corporation, Aptera is dedicated to building a sustainable business that positively impacts stakeholders and the environment [5].

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].

Company Participation - Aptera Motors Corp. will participate in the Northland Growth Conference on December 16, 2025, with virtual one-on-one and small group investor meetings scheduled in 30-minute increments throughout the day [1] - Chris Anthony, Co-CEO, along with members of Aptera's Finance team, will be available for these meetings [1] Investor Engagement - Investors interested in meeting with Aptera can contact Northland Capital Markets for availability and scheduling [2] - Additional information regarding meeting schedules will be provided directly by Northland to participating investors [2] Company Overview - Aptera Motors Corp. is a solar mobility company focused on advancing efficient transportation through its flagship solar electric vehicle [3] - The company leverages advancements in aerodynamics, material science, and solar technology to achieve new levels of efficiency [3] - As a public benefit corporation, Aptera is dedicated to building a sustainable business that positively impacts stakeholders and the environment [3]

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 Points - Aptera Motors Corp. has announced that its registration statement on Form S-1 related to its Equity Line of Credit (ELOC) has become effective, marking a significant milestone for the company [1][3] - The ELOC allows Aptera to sell up to $75 million of its Class B common stock to New Circle Principal Investments LLC, providing flexible access to capital to support operational and strategic goals [2][3] Company Overview - Aptera Motors Corp. is a solar mobility company focused on developing highly efficient vehicles, particularly a solar electric vehicle that utilizes advancements in aerodynamics, material science, and solar technology [6] - The company aims to create a sustainable business that positively impacts stakeholders and the environment, and is headquartered in Carlsbad, California [6] Financial Strategy - The proceeds from the ELOC are expected to support validation and production readiness, including tooling and other necessary activities to bring Aptera's Launch Edition vehicles to market [3] - The ELOC is designed to align funding with development and production timelines, allowing the company to access capital incrementally [3]

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 Points - Aptera Motors Corp. will present at the LD Micro Main Event XIX on October 21st at 3:30 PM PT, showcasing its leadership in the solar electric vehicle industry [2][4] - The LD Micro Main Event XIX will take place from October 19th to 21st, featuring around 120 companies and providing opportunities for investor meetings [5][6] Company Overview - Aptera Motors Corp. is a solar mobility company focused on advancing efficient transportation through its innovative solar electric vehicle, which utilizes advancements in aerodynamics, material science, and solar technology [7] - The company operates as a public benefit corporation, emphasizing its commitment to sustainability and positive environmental impact [7] Event Details - The event will include registration, keynote speakers, and company presentations, culminating in a closing reception [5] - Chris Anthony, Co-CEO of Aptera, will lead the presentation, highlighting the company's mission and strategy [2][4]

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]