Aptera Motors Announces Effectiveness of S-1 Registration Statement for $75 Million Equity Line of Credit Facility
Aptera Motors (NASDAQ: SEV) announced that its Form S-1 for an Equity Line of Credit (ELOC) has become effective on November 13, 2025. The ELOC gives Aptera the right, but not the obligation, to sell up to $75 million of Class B common stock to New Circle Principal Investments LLC over time, subject to customary conditions.
The company says the facility is intended to provide flexible access to capital to strengthen the balance sheet and support validation, production readiness, tooling and activities to bring Launch Edition vehicles to market. Any sales under the ELOC will be made by prospectus and only where lawful.
Aptera Motors (NASDAQ: SEV) ha annunciato che la sua Form S-1 per una Linea di credito azionario (ELOC) è diventata efficace dal 13 novembre 2025. L'ELOC dà ad Aptera il diritto, ma non l'obbligo, di vendere fino a $75 milioni di azioni ordinarie di Classe B a New Circle Principal Investments LLC nel tempo, soggetto alle condizioni consuete.
L'azienda afferma che la facility è intesa a fornire un accesso flessibile al capitale per rafforzare il patrimonio netto e supportare la validazione, la preparazione alla produzione, gli strumenti e le attività per portare sul mercato i veicoli Launch Edition. Qualsiasi vendita ai sensi dell'ELOC sarà effettuata tramite prospetto e solo dove legale.
Aptera Motors (NASDAQ: SEV) anunció que su Formulario S-1 para una Línea de crédito de capital (ELOC) ha entrado en vigor el 13 de noviembre de 2025. La ELOC otorga a Aptera el derecho, pero no la obligación, de vender hasta $75 millones de acciones ordinarias de Clase B a New Circle Principal Investments LLC a lo largo del tiempo, sujeto a condiciones habituales.
La empresa dice que la facilidad está destinada a proporcionar un acceso flexible al capital para fortalecer el balance y apoyar la validación, la preparación de la producción, herramientas y actividades para llevar al mercado los vehículos Launch Edition. Cualquier venta bajo la ELOC se realizará mediante prospecto y solo cuando sea legal.
Aptera Motors (NASDAQ: SEV)는 주식 현금신용한도(ELOC)에 대한 S-1 양식이 2025년 11월 13일 발효되었음을 발표했습니다. ELOC는 Aptera에 $75백만의 B등급 보통주를 New Circle Principal Investments LLC에 시간에 걸쳐 매도할 수 있는 권리(의무는 없음)를 부여하며, 관례적 조건에 따릅니다.
회사는 이 시설이 유연한 자본 접근을 제공하여 재무상태를 강화하고 검증, 생산 준비, 도구 개발 및 Launch Edition 차량을 시장에 내놓기 위한 활동을 지원하기 위한 것이라고 말합니다. ELOC 아래의 매각은 모든 경우에 공개설명서를 통해서만 이루어집니다.
Aptera Motors (NASDAQ: SEV) a annoncé que son formulaire S-1 pour une Ligne de crédit sur actions (ELOC) est devenu efficace le 13 novembre 2025. L'ELOC donne à Aptera le droit, mais pas l'obligation, de vendre jusqu'à 75 millions de dollars d'actions ordinaires de classe B à New Circle Principal Investments LLC au fil du temps, sous réserve des conditions habituelles.
La société indique que l'installation vise à offrir un accès flexible au capital afin de renforcer le bilan et de soutenir la validation, la préparation à la production, les outillages et les activités nécessaires pour mettre sur le marché les véhicules Launch Edition. Toute vente au titre de l'ELOC sera réalisée par prospectus et uniquement lorsque cela est légal.
Aptera Motors (NASDAQ: SEV) gab bekannt, dass sein Form S-1 für eine Equity Line of Credit (ELOC) am 13. November 2025 in Kraft getreten ist. Die ELOC gibt Aptera das Recht, aber nicht die Verpflichtung, im Laufe der Zeit bis zu $75 Millionen Aktien der Klasse B an New Circle Principal Investments LLC zu verkaufen, vorbehaltlich üblicher Bedingungen.
Das Unternehmen sagt, dass die Einrichtung darauf abzielt, flexiblen Kapitalzugang zu ermöglichen, um die Bilanz zu stärken und Validierung, Produktionsbereitschaft, Werkzeugbeschaffung und Aktivitäten zu unterstützen, um Launch Edition-Fahrzeuge auf den Markt zu bringen. Jegliche Verkäufe unter der ELOC erfolgen durch Prospekt und nur dort, wo rechtlich zulässig.
Aptera Motors (NASDAQ: SEV) أعلنت أن نموذجها S-1 لخط ائتمان الأسهم (ELOC) أصبح ساري المفعول في 13 نوفمبر 2025. يمنح خط ائتمان الأسهم Aptera الحق، وليس الالتزام، في بيع حتى $75 مليون من أسهم Class B العادية إلى New Circle Principal Investments LLC مع مرور الوقت، وفقاً للشروط المعتادة.
وقالت الشركة إن التسهيل يهدف إلى توفير وصول مرن إلى رأس المال لتقوية الميزانية العمومية ودعم التحقق من الصحة والاستعداد للإنتاج والتجهيز والأنشطة اللازمة لإطلاق مركبات Launch Edition إلى السوق. سيتم أي بيع بموجب ELOC عبر نشرة اكتتاب وبما يتوافق مع القانون فقط.
- Up to $75 million equity line available
- Proceeds targeted to validation and production readiness
- Facility provides incremental, flexible capital access
- Potential dilution from up to $75 million of stock sales
- Timing and size of sales discretionary, creating share overhang risk
Insights
S-1 effective for a
Aptera now has the contractual right to sell up to
Key dependencies and risks are explicit: draws depend on the company’s choice and meeting the ELOC conditions, and any issuance will dilute existing holders. Watch for the timing and size of future draw notices, the prospectus terms filed on the SEC site, and disclosures showing how proceeds are allocated to validation, tooling, and production readiness within the next several quarters.
The facility is a flexible liquidity tool tied to operational milestones rather than an immediate cash infusion.
The ELOC permits incremental stock sales to fund validation and low-volume production activities for the Launch Edition vehicles; proceeds are earmarked for production readiness and tooling. The announcement confirms intent and available capacity to raise capital up to
Dependencies include the company’s decision to draw, satisfaction of customary conditions, and future prospectus-based offers; monitor SEC filings for any draw statements, the specific pricing mechanics when shares are sold, and quarterly reports showing use of proceeds over the coming quarters.
CARLSBAD, Calif., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV), a solar mobility company focused on developing highly efficient vehicles, today announced that its registration statement on Form S-1 related to its Equity Line of Credit (ELOC) has become effective.
This ELOC provides Aptera with the right, but not the obligation, to sell up to
The ELOC is designed to provide flexible access to capital, strengthening the company's balance sheet and supporting its operational and strategic goals.
“Having this S-1 effective is a key milestone for Aptera, providing us with a flexible and strategic tool to fund our operations,” said Chris Anthony, Co-CEO of Aptera. “This instrument allows us to access capital incrementally, aligning our funding with our development and production timelines as we work toward our validation and low-volume production milestones.”
Proceeds from any sales of stock under the ELOC are expected to support validation, production readiness, including tooling and other activities required to bring Aptera’s Launch Edition vehicles to market.
The offering of the securities covered by the registration statement may only be made by means of a prospectus. The registration statement and prospectus may be accessed through the U.S. Securities and Exchange Commission's website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Aptera Motors Corp.
Aptera Motors Corp. is a solar mobility company driven by a mission to advance the future of efficient transportation. Its flagship vehicle is 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.
About New Circle Capital
New Circle Capital (“New Circle”) is an institutional investor focused on small and mid-cap public companies. New Circle invests throughout the capital stack in various industries and transaction situations. New Circle is headquartered in New York, NY. For more information, please visit www.newcirclecapital.com.
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 Aptera’s ability to satisfy the required conditions to utilize the facility, market conditions that may impact Aptera’s ability to access the facility on acceptable terms or at all, the possibility that the facility may not be fully utilized, expected use of proceeds and Aptera’s production and launch plans. 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, 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
Investor Relations:
Aptera Motors Corp.
ir@aptera.us
FAQ
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