Aptera Motors Announces Closing of $9 Million Public Offering

Rhea-AI Summary

Aptera Motors (NASDAQ: SEV) announced on January 26, 2026 the closing of a public offering of 4,500,000 Class B common shares and common stock warrants at $2.00 per share and accompanying warrant, producing gross proceeds of approximately $9 million before placement agent fees and offering expenses. The warrants are exercisable immediately at $2.00 per share and expire five years from issuance, representing up to an additional $9 million if fully exercised (up to $18 million total). Proceeds are intended to fund general corporate purposes and manufacturing readiness, including vehicle validation testing, production planning, supplier engagements, and long-lead tooling to support planned start of production.

Positive

• Raised approximately $9 million gross from the offering
• Warrants could deliver up to an additional $9 million if exercised
• Net proceeds earmarked for vehicle validation and manufacturing readiness

Negative

• Issuance of 4,500,000 shares and 4,500,000 warrants causes share dilution
• Gross proceeds are before placement agent fees and offering expenses

Argus Jan 27 session

-3.02% close to close Open Argus

Details

News Market Reaction – SEV

On Jan 27, the first trading day after this news, SEV closed 3.02% below the previous close.

Data tracked by StockTitan Argus for the Jan 27 session.

Key Figures

Shares offered: 4,500,000 shares Warrants issued: 4,500,000 warrants Offering price: $2.00 per share and warrant +5 more

Shares offered

4,500,000 shares

Class B common stock in public offering

Warrants issued

4,500,000 warrants

Common stock warrants issued with offering

Offering price

$2.00 per share and warrant

Public offering price

Warrant exercise price

$2.00 per share

Exercise price for common stock warrants

Warrant term

5 years

Expiration from issuance date

Gross proceeds

$9 million

Gross proceeds from offering before fees

Potential additional proceeds

up to $9 million

If all warrants are exercised for cash

Total potential proceeds

up to $18 million

Including full warrant exercise for cash

Previous Offering Reports

1 past event · Latest: Jan 23

Same Type 1 event

1. Jan 23

   Equity offering pricing

   24h Move

   -37.8%

   Priced $9M Class B share offering with attached five-year warrants.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

common stock warrants, exercise price, gross proceeds, public offering, +4 more

8 terms

common stock warrants financial

"common stock together with common stock warrants to purchase up to 4,500,000"

Common stock warrants are tradable certificates that give the holder the right, but not the obligation, to buy a company’s common shares at a fixed price before a specified expiration date. They work like long-term options issued by the company and can provide cheaper, leveraged exposure to a stock’s potential upside; however, if holders use the warrants to buy shares, the total number of shares increases, which can dilute the value of existing shares.

exercise price financial

"The common stock warrants have an exercise price of $2.00 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

gross proceeds financial

"Gross proceeds from the offering were approximately $9 million"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

public offering financial

"announced the closing of its previously announced public offering for the purchase"

A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.

placement agent financial

"A.G.P./Alliance Global Partners acted as the sole placement agent for the offering"

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

registration statement on Form S-1 regulatory

"pursuant to the Company’s registration statement on Form S-1 (File No. 333-292655)"

A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.

prospectus regulatory

"This offering was made only by means of a prospectus forming part of the effective"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

Nasdaq regulatory

"public Nasdaq listing last year. The capital raised meaningfully supports our"

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

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CARLSBAD, Calif., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV) (“Aptera” or the “Company”) today announced the closing of its previously announced public offering for the purchase and sale of 4,500,000 shares of its Class B common stock together with common stock warrants to purchase up to 4,500,000 shares of Class B common stock. The public offering price was $2.00 per share and accompanying warrant. The common stock warrants have an exercise price of $2.00 per share, are exercisable immediately, and will expire five years from the issuance date.

Gross proceeds from the offering were approximately $9 million, before deducting placement agent fees and other offering expenses. If all of the warrants issued in the offering are exercised for cash, the Company could receive additional gross proceeds of up to approximately $9 million, resulting in up to $18 million gross proceeds to the Company. All of the securities in the offering were sold by the Company.

A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.

The Company intends to use the net proceeds from the offering to support general corporate purposes, ongoing product validation and manufacturing readiness activities, including vehicle validation testing, advancement of design-for-manufacturability and production planning efforts, initiation of production supplier engagements, and commencement of long-lead tooling in support of planned start-of-production timing.

“The completion of this offering marks an important milestone for Aptera,” said Chris Anthony, Co-Chief Executive Officer. “Accessing the public markets allows us to fund the next phase of execution in a way that would not have been possible prior to our public Nasdaq listing last year. The capital raised meaningfully supports our operating plan as we move through critical validation and manufacturing readiness activities in 2026.”

The securities were offered and sold pursuant to the Company’s registration statement on Form S-1 (File No. 333-292655) which was declared effective by the SEC on January 22, 2026. This offering was made only by means of a prospectus forming part of the effective registration statement. A preliminary prospectus relating to the offering has been filed with the SEC. A final prospectus was filed with the SEC and made available on its website at www.sec.gov and may also be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28^th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under applicable securities laws.

About Aptera Motors
Aptera Motors Corp. (NASDAQ: SEV) is a solar mobility company driven by a mission to advance the future of efficient transportation. Its flagship vehicle is conceived to be a paradigm-shifting solar electric vehicle that leverages breakthroughs in aerodynamics, material science, and solar technology to pursue new levels of efficiency. As a public benefit corporation, Aptera is committed to building a sustainable business that positively impacts its stakeholders and the environment. Aptera is headquartered in Carlsbad, California. For more information, please visit www.aptera.us.

Forward Looking Statements.

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the potential exercise of warrants issued in the offering and use of proceeds from the offering. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Aptera’s control. Aptera’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Aptera’s Registration Statement on Form S-1 filed with the SEC on January 9, 2026, as amended on January 20, 2026, as well as other documents that may be filed by Aptera from time to time with the SEC. The forward-looking statements included in this press release represent Aptera’s views as of the date of this press release. Aptera anticipates that subsequent events and developments will cause its views to change. Aptera undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Aptera’s views as of any date subsequent to the date of this press release.

Media Contact
media@aptera.us

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Aptera (SEV) announce on January 26, 2026?

Aptera closed a public offering of 4,500,000 Class B shares with warrants at $2.00 each, raising about $9 million gross.

How much additional funding could Aptera receive if the SEV warrants are exercised?

If all issued warrants are exercised at $2.00, Aptera could receive up to an additional $9 million, for up to $18 million total gross proceeds.

What are the terms of the warrants issued in the SEV offering?

The warrants are exercisable immediately at an exercise price of $2.00 per share and expire five years from issuance.

How will Aptera use the net proceeds from the offering?

Proceeds will support general corporate purposes and manufacturing readiness activities, including vehicle validation testing, production planning, supplier engagements, and long-lead tooling.

Who acted as placement agent for Aptera's January 2026 offering (SEV)?

A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.