Aptera Motors prices US$9m public stock offering

Aptera Motors has priced a public offering of 4.5 million shares of Class B common stock and accompanying warrants at US$2 per share, with gross proceeds expected to total approximately US$9m before placement agent fees and other expenses. The California-based electric vehicle company said that if all warrants issued in the offering are exercised for cash, it could receive additional gross proceeds of up to US$9m, bringing the potential total to US$18m.

The offering is expected to close on or about 26 January 2026, with A.G.P./Alliance Global Partners acting as sole placement agent. The warrants will have an exercise price of US$2 per share, will be exercisable immediately, and will expire five years from the date of issuance.

Aptera said it intends to use the net proceeds to support general corporate purposes, ongoing product validation, and manufacturing readiness activities. These include vehicle validation testing, design-for-manufacturability advancement, production planning, initiation of supplier engagements, and commencement of long-lead tooling ahead of the company’s planned start of production.

Source: Aptera