| PROSPECTUS |
Filed
Pursuant to 424(b)(4) |
| |
Registration
No. 333-298113 |

APTERA
MOTORS CORP.
4,320,000
Shares of Class B Common Stock
Issuable
Upon Exercise of Outstanding Warrants
This
prospectus relates to the resale of up to 4,320,000 shares of Aptera Motors Corp. (the “Company,” “we,” “our”
or “us”) Class B common stock, par value $0.0001 per share (the “Common Stock”), by the Selling Stockholders
listed in this prospectus or their permitted transferees (the “Selling Stockholders”). The shares of Common Stock registered
for resale pursuant to this prospectus consist of 4,320,000 shares of Common Stock issuable upon the exercise of warrants (the “Warrants”).
The Warrants were issued to the Selling Stockholders in a private placement offering (the “Private Placement”) which closed
on July 13, 2026.
For
additional information about the Private Placement, see “Private Placement.”
The
Warrants have an exercise price of $2.25 per share. The Warrants will be exercisable beginning on January 13, 2027 (the “Initial
Exercise Date”), and will expire on the five (5) year anniversary of the Initial Exercise Date.
The
Selling Stockholders may, from time to time, sell, transfer or otherwise dispose of any or all of their shares of Common Stock or interests
in their shares of Common Stock on any stock exchange, market or trading facility on which the shares of Common Stock are traded or in
private transactions. These dispositions may be at fixed prices, at prevailing market prices at the time of sale, at prices related to
the prevailing market price, at varying prices determined at the time of sale, or at negotiated prices. See “Plan of Distribution”
in this prospectus for more information. We will not receive any proceeds from the resale or other disposition of the shares of Common
Stock by the Selling Stockholders. However, we will receive the proceeds of any cash exercise of the Warrants. See “Use of Proceeds”
beginning on page 10 and “Plan of Distribution” beginning on page 11 of this prospectus for more information.
Our
Common Stock is listed on The Nasdaq Capital Market (“Nasdaq”) under the symbol “SEV.” On August 6, 2026,
the last reported sale price of our Common Stock as reported on Nasdaq was $2.12.
You
should read this prospectus, together with additional information described under the headings “Incorporation of Certain Information
by Reference” and “Where You Can Find More Information,” carefully before you invest in any of our securities.
An
investment in our securities involves a high degree of risk. Before deciding whether to invest in our securities, you should consider
carefully the risks and uncertainties described in the section captioned “Risk Factors” contained in our Annual Report
on Form 10-K for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission, or the SEC, on March 30,
2026 and our other filings we make with the Securities and Exchange Commission from time to time, which are incorporated by reference
herein in their entirety, together with other information in this prospectus and the information incorporated by reference herein.
Neither
the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined
if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The
date of this prospectus is August 20, 2026
TABLE
OF CONTENTS
| PROSPECTUS SUMMARY |
1 |
| RISK FACTORS |
5 |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS |
6 |
| PRIVATE PLACEMENT |
7 |
| SELLING STOCKHOLDERS |
8 |
| USE OF PROCEEDS |
10 |
| PLAN OF DISTRIBUTION |
11 |
| DESCRIPTION OF SECURITIES |
12 |
| LEGAL MATTERS |
17 |
| EXPERTS |
17 |
| WHERE YOU CAN FIND MORE INFORMATION |
17 |
| INCORPORATION OF CERTAIN INFORMATION BY REFERENCE |
18 |
PROSPECTUS
SUMMARY
This
summary highlights information contained elsewhere in this prospectus and the documents incorporated by reference herein. This summary
does not contain all of the information that you should consider before deciding to invest in our securities. You should read this entire
prospectus carefully, including the section entitled “Risk Factors” beginning on page 5, our consolidated financial
statements and the related notes and the other information incorporated by reference into this prospectus before making an investment
decision.
Overview
We
are an automotive technology company focused on developing and manufacturing highly efficient solar electric vehicles (SEVs). Our flagship
vehicle, the Aptera, is a three-wheeled, two-passenger vehicle designed for efficiency and sustainability. We believe Aptera’s
unique design, incorporating solar charging capabilities and aerodynamic efficiency, will offer a compelling alternative to conventional
vehicles.
Our
Business Model
We
intend to generate revenue primarily through the sale of our SEVs. Our current focus is on completing the development and commencing
production of the Aptera. To date, we have not commenced production of our SEVs. We plan to offer various Aptera models with different
features and price points. We may also explore other revenue streams in the future, such as providing charging infrastructure or developing
related technologies.
The
Aptera
The
Aptera is designed to be a highly efficient vehicle, minimizing energy consumption through its aerodynamic design and lightweight construction.
Its integrated solar panels are intended to supplement battery charging, potentially allowing drivers to travel significant distances
using only solar power. The Aptera is designed to be a practical and sustainable transportation solution for daily commuting and other
driving needs.
Competitive
Advantages
We
believe the Aptera offers several competitive advantages, including:
| |
● |
High
Efficiency: The Aptera’s aerodynamic design and lightweight construction contribute to its high energy efficiency. |
| |
● |
Solar
Charging: Integrated solar panels provide supplemental charging, potentially reducing reliance on traditional charging infrastructure. |
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● |
Unique
Design: The Aptera’s distinctive three-wheeled design differentiates it from conventional vehicles. |
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● |
Sustainability:
The Aptera’s electric powertrain and solar charging capabilities contribute to a reduced environmental footprint. |
Challenges
We
face numerous challenges in developing and commercializing the Aptera, including:
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● |
Production:
We have not yet commenced production of the Aptera and face risks associated with scaling production. |
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● |
Competition:
The passenger vehicle industry is highly competitive, and we face competition from established automakers and other electric
vehicle manufacturers. |
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● |
Technology:
The development of advanced technologies, such as solar charging and battery systems, involves technical risks. |
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● |
Funding:
We will require significant additional capital to fund our operations and achieve our business objectives. |
Corporate
Information
Aptera
Motors Corp. was formed on March 4, 2019, under the laws of the state of Delaware, and is a public benefit corporation in Delaware. Our
headquarters are located in Carlsbad, California. Our website address is www.aptera.us. The information contained on, or that can be
accessed through, our website is not incorporated by reference into, and is not a part of, this prospectus. Investors should not rely
on any such information in deciding whether to purchase our securities.
Our
Capital Structure
We
have two classes of authorized common stock - Class B common stock and Class A common stock. The rights of the holders of Class A common
stock and Class B common stock are identical, except that our Class B common stock is non-voting and is not entitled to any votes on
any matter that is submitted to a vote of our stockholders, except as required by Delaware law. Each share of Class A common stock is
entitled to one vote and is convertible at any time into one share of Class B common stock. The Class B common stock has no voting rights,
except as required by Delaware General Corporation Law. However, upon and following the Final Conversion Date, defined as the date that
no shares of Class A common stock remain outstanding, holders of Class B common stock will be entitled to one vote per share. 20,000,000
shares of Preferred Stock may be issued from time to time in one or more series by a resolution of the Board of Directors establishing
the number of shares to be included in such series, and fixing the voting powers, full or limited, or no voting power of the shares of
such series, and the designation, preferences and relative, participating, optional or other special rights, and the qualifications,
limitations or restrictions thereof, of the shares of each series. See “Description of Capital Stock - Common Stock - Voting
Rights” and “Description of Capital Stock - Preferred Stock - Voting Rights”.
Channels
for Disclosure of Information
We
intend to announce material information to the public through filings with the SEC, the investor relations page on our website (www.aptera.us),
press releases, public conference calls, public webcasts, and our social media pages. The information contained on, or that can be accessed
through, our website is not incorporated by reference into, and is not a part of, this prospectus. Investors should not rely on any such
information in deciding whether to purchase our securities.
The
information disclosed by the foregoing channels could be deemed to be material information. As such, we encourage investors, the media,
and others to follow the channels listed above and to review the information disclosed through such channels.
Any
updates to the list of disclosure channels through which we will announce information will be posted on the investor relations page on
our website.
Implications
of Being an Emerging Growth Company
As
a company with less than $1.235 billion in revenue during our most recently completed fiscal year, we qualify as an “emerging growth
company” as defined in Section 2(a) of the Securities Act as modified by the Jumpstart Our Business Startups Act of 2012, or the
JOBS Act. As an emerging growth company,
We
may take advantage of specified reduced disclosure and other requirements that are otherwise applicable, in general, to public companies
that are not emerging growth companies. These provisions include, but are not limited to:
| |
● |
being
permitted to present only two years of audited financial statements and only two years of related Management’s Discussion and
Analysis of Financial Condition and Results of Operations; |
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● |
an
exemption from compliance with the auditor attestation requirement on the effectiveness of our internal control over financial reporting
pursuant to the Sarbanes-Oxley Act of 2002; |
| |
● |
an
exemption from the requirement that critical audit matters be discussed in our independent auditor’s reports on our audited
financial statements or any other requirements that may be adopted by the Public Company Accounting Oversight Board unless the SEC
determines that the application of such requirements to emerging growth companies is in the public interest; |
| |
● |
reduced
disclosure obligations about our executive compensation arrangements; |
| |
● |
exemptions
from the requirements to obtain a non-binding advisory vote on executive compensation or a stockholder approval of any golden parachute
arrangements; and |
| |
● |
extended
transition periods for complying with new or revised accounting standards. |
We
will remain an emerging growth company until the earliest to occur of: (1) the last day of the fiscal year in which we have more than
$1.235 billion in annual revenue; (2) the date we qualify as a “large accelerated filer,” with at least $700 million of equity
securities held by non-affiliates; (3) the date on which we have issued, in any three-year period, more than $1.0 billion in non-convertible
debt securities; and (4) the last day of the fiscal year ending after the fifth anniversary of the date of our first public equity sale.
We
may take advantage of these exemptions until such time as we are no longer an emerging growth company. Accordingly, the information contained
herein may be different than the information you receive from other public companies in which you hold stock. Further, pursuant to Section
107 of the JOBS Act, as an emerging growth company, we have elected to take advantage of the extended transition period for complying
with new or revised accounting standards until those standards would otherwise apply to private companies. As a result, our operating
results and financial statements may not be comparable to the operating results and financial statements of other companies that have
adopted the new or revised accounting standards. It is possible that some investors will find our Class B common stock less attractive
as a result, which may result in a less active trading market for our Class B common stock and higher volatility in the stock price of
our Class B common stock.
Public
Benefit Corporation Status
As
a demonstration of our long-term commitment to promote solar mobility and to work towards positively impacting the communities in which
we operate, we are treated as a public benefit corporation under Delaware law. As provided in the Amended & Restated Certificate
of Incorporation (our “Amended Charter”), the public benefits that we promote, and pursuant to which we manage our Company,
are to break the chains of energy dependence by championing solar mobility-liberating communities, restoring sustainability, and forging
a future where power belongs to the people. Being a public benefit corporation underscores our commitment to our purpose and our stakeholders,
including consumers and customers, communities, and stockholders. See the section titled “Description of Capital Stock-Public
Benefit Corporation Status” for additional information.
Nasdaq
Listing
Our
Common Stock is listed on The Nasdaq Capital Market (“Nasdaq”) under the symbol “SEV.”
THE
OFFERING
| Shares
of Class B Common Stock offered by the Selling Stockholders |
|
Up
to 4,320,000 shares of Common Stock issuable upon exercise of the Warrants. |
| |
|
|
| Use
of Proceeds |
|
We
will not receive any proceeds from the shares of Common Stock offered by the Selling Stockholders pursuant to this prospectus. However,
we will receive the proceeds of any cash exercise of the Warrants. We intend to use the net proceeds from any cash exercise of the
Warrants for working capital and general corporate purposes. Please see the section entitled see “Use of Proceeds”
on page 10 of this prospectus for a more detailed discussion. |
| |
|
|
| National
Securities Exchange Listing |
|
Our
Common Stock is currently listed on Nasdaq under the symbol “SEV”. |
| |
|
|
| Risk
Factors |
|
An
investment in our securities involves a high degree of risk. Please see the section entitled “Risk Factors” beginning
on page 5 of this prospectus. In addition before deciding whether to invest in our securities, you should consider carefully
the risks and uncertainties described in the section captioned “Risk Factors” contained in our Annual Report on
Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on March 30, 2026, and other filings we make with the SEC
from time to time, which are incorporated by reference herein in their entirety, together with other information in this prospectus
and the information incorporated by reference herein. |
RISK
FACTORS
An
investment in our securities involves a high degree of risk. Before deciding whether to invest in our securities, you should consider
carefully the risks and uncertainties described in the section captioned “Risk Factors” contained in our Annual Report
on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on March 30, 2026, and our other filings we make with the
SEC from time to time, which are incorporated by reference herein in their entirety, together with other information in this prospectus
and the information incorporated by reference herein. Additional risks and uncertainties of which we are unaware, or that we currently
deem immaterial, also may become important factors that affect us. You should also carefully consider the other information included
or incorporated by reference in this prospectus. Each of the risks described in these documents could materially and adversely affect
our business, financial condition, results of operations and prospects, and could result in a partial or complete loss of your investment.
If any of these risks actually occurs, our business, financial condition, results of operations or cash flow could suffer materially.
In such an event, the trading price of our shares of Common Stock could decline, and you might lose all or part of your investment.
CAUTIONARY
NOTE REGARDING FORWARD-LOOKING STATEMENTS
Except
for historical information, this prospectus and the documents incorporated herein by reference contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, (the “Securities Act”) and the Exchange Act. Forward-looking
statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates,
intentions and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control,
and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements
expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that
could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,”
“can,” “anticipate,” “assume,” “should,” “indicate,” “would,”
“believe,” “contemplate,” “expect,” “seek,” “estimate,” “continue,”
“plan,” “point to,” “project,” “predict,” “could,” “intend,”
“target,” “potential” and other similar words and expressions of the future.
There
are a number of important factors that could cause the actual results to differ materially from those expressed in any forward-looking
statement made by us. These factors include, but are not limited to:
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● |
our
future financial performance, including our expectations regarding our revenue, cost of revenue, gross profit, operating expenses
including changes in research and development, sales and marketing, and general and administrative expenses (including any components
of the foregoing), and our ability to maintain future profitability; |
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● |
our
plans to raise capital to fund our operations; |
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● |
our
business plan and our ability to effectively manage our growth; |
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● |
our
ability to compete with well-established competitors and new entrants; |
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● |
our
ability to navigate the regulatory environment applicable to our operations and industry; |
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● |
our
ability to begin manufacturing our vehicles at scale; |
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● |
our
ability to attract and retain qualified employees and key personnel; |
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● |
our
ability to execute our strategy; |
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● |
beliefs
and objectives for future operations; |
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● |
our
ability to maintain, protect, and enhance our brand and intellectual property; |
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● |
our
ability to stay in compliance with laws and regulations that currently apply or become applicable to our business; |
| |
● |
economic
and industry trends, projected growth, or trend analysis; and |
| |
● |
increased
expenses associated with being a public company. |
We
caution you that the foregoing list may not contain all of the forward-looking statements made in this prospectus.
Because
forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some
of which are beyond our control, you should not rely on these forward-looking statements as predictions of future events. The events
and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially
from those projected in the forward-looking statements. You should refer to the “Risk Factors” section of this prospectus
and the documents we incorporate by reference for a discussion of important factors that may cause our actual results to differ materially
from those expressed or implied by our forward-looking statements. Moreover, we operate in an evolving environment. New risk factors
and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties.
As a result of these factors, we cannot assure you that the forward-looking statements in this prospectus and the documents we incorporate
by reference will prove to be accurate. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking
statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise. You should,
however, review the factors and risks and other information we describe in the reports we will file from time to time with the SEC after
the date of this prospectus.
You
should read this prospectus and the documents that we incorporate by reference in this prospectus and have filed as exhibits to the registration
statement of which this prospectus is a part completely and with the understanding that our actual future results may be materially different
from what we expect. We qualify all of our forward-looking statements by these cautionary statements.
PRIVATE
PLACEMENT
On
July 10, 2026, we entered into an inducement offer letter agreement (the “Inducement Letter”) with certain holders (the “Holders”)
of certain of our existing warrants to purchase up to an aggregate of 2,880,000 shares of our Common Stock issued to the Holders on March
12, 2026 (the “Existing Warrants”).
Pursuant
to the Inducement Letter, the Holders agreed to exercise for cash their Existing Warrants at a reduced exercise price of $2.07 per share
in consideration for our agreement to issue in a private placement warrants to purchase up to an aggregate of 4,320,000 shares of Common
Stock (the “Warrants”). The Warrants have an exercise price of $2.25 per share.
The
Warrants were issued on July 13, 2026 (the “Closing Date”). We received aggregate gross proceeds of approximately $5.96 million
from the exercise of the Existing Warrants by the Holders, before deducting financial advisory fees and other offering expenses payable
by us.
Pursuant
to the Inducement Letter, we agreed to file a registration statement on Form S-1 providing for the resale of the Warrant Shares as soon
as reasonably practicable after the Closing Date (and in any event within 30 calendar days following the Closing Date), and to use commercially
reasonable efforts to cause such registration statement to be declared effective by the SEC within 60 days following the filing date
of the registration statement (or within 90 calendar days in case of “full review” by the SEC) and to keep such registration
statement effective at all times until the Holders no longer own any Warrants or the shares issuable upon exercise thereof. We have filed
the registration statement of which this prospectus forms a part pursuant to the Inducement Letter.
We
engaged A.G.P./Alliance Global Partners (the “Financial Advisor”) to act as financial advisor in connection with the transactions
summarized above and paid the Financial Advisor a fee equal to 6% of the gross proceeds raised in the transaction and reimburse the Financial
Advisor for legal expenses incurred in connection with the transaction not to exceed $25,000.
SELLING
STOCKHOLDERS
This
prospectus covers the resale or other disposition by the Selling Stockholders identified in the table below, or their pledgees, assignees,
transferees or other successors-in-interest, of up to an aggregate of 4,320,000 shares of our Class B common stock issuable upon exercise
of the Warrants. The Selling Stockholders acquired the Warrants in the transactions described above under the heading “Private
Placement.”
The
Warrants contain beneficial ownership limitations that prevent a holder from exercising any portion of its Warrants to the extent that,
after giving effect to such exercise, the holder, together with certain related parties, would beneficially own more than 4.99% or 9.99%,
as applicable, of our outstanding shares of Class B common stock, subject to the terms of the Warrants. The number of shares shown in
the column titled “Shares of Class B Common Stock Offered by this Prospectus” reflects the full number of shares of Class
B common stock issuable upon exercise of the Warrants held by each Selling Stockholder and does not give effect to any applicable beneficial
ownership limitation.
The
table below sets forth, as of August 6, 2026, the following information regarding the Selling Stockholders: the name of each Selling
Stockholder; the number of shares of Class B common stock beneficially owned by each Selling Stockholder prior to this offering, determined
in accordance with Rule 13d-3 under the Exchange Act; the percentage of outstanding shares of Class B common stock beneficially owned
by each Selling Stockholder prior to this offering; the number of shares of Class B common stock being offered by each Selling Stockholder
pursuant to this prospectus; the number of shares of Class B common stock to be beneficially owned by each Selling Stockholder after
completion of this offering, assuming the sale of all shares offered by such Selling Stockholder pursuant to this prospectus and no other
acquisitions or dispositions of shares; and the percentage of outstanding shares of Class B common stock to be beneficially owned by
each Selling Stockholder after completion of this offering.
Beneficial
ownership is determined in accordance with Rule 13d-3 under the Exchange Act and generally includes shares over which the Selling Stockholder
has voting or dispositive power and shares that the Selling Stockholder has the right to acquire within 60 days of August 6, 2026.
Because the Warrants are not exercisable until January 13, 2027, the shares issuable upon exercise of the Warrants have not been included
in the “Shares of Class B Common Stock Beneficially Owned Prior to Offering” column unless such shares are deemed beneficially
owned under Rule 13d-3 as of the applicable measurement date. The “Shares of Class B Common Stock Offered by this Prospectus”
column, however, includes all shares of Class B common stock issuable upon exercise of the Warrants held by each Selling Stockholder,
without regard to the 60-day exercisability rule or any applicable beneficial ownership limitation.
All
information with respect to the beneficial ownership of the Selling Stockholders has been furnished by or on behalf of the Selling Stockholders.
Except as otherwise indicated in the footnotes to the table below, and based on information provided to us by the Selling Stockholders,
we believe that each Selling Stockholder has sole voting and dispositive power with respect to the shares of Class B common stock beneficially
owned by such Selling Stockholder. Because the Selling Stockholders may sell, transfer or otherwise dispose of all, some or none of the
shares covered by this prospectus, and because there are currently no agreements, arrangements or understandings with respect to the
sale of any of the shares covered by this prospectus, we cannot estimate the number of shares that will be held by the Selling Stockholders
upon termination of this offering.
The
Selling Stockholders may have sold, transferred or otherwise disposed of, or may sell, transfer or otherwise dispose of, at any time
and from time to time after the date on which they provided the information set forth in the table below, shares of Class B common stock
that they beneficially own in transactions exempt from the registration requirements of the Securities Act. Accordingly, for purposes
of the table below, we have assumed that each Selling Stockholder will sell all of the shares of Class B common stock offered by such
Selling Stockholder pursuant to this prospectus and will not sell or otherwise dispose of any other shares of Class B common stock beneficially
owned by such Selling Stockholder.
Except
as set forth below, none of the Selling Stockholders has held any position or office with us or any of our subsidiaries, or otherwise
had a material relationship with us or any of our subsidiaries, within the past three years other than as a result of the ownership of
our securities. Based on information provided to us by the Selling Stockholders, no Selling Stockholder is a registered broker-dealer
or an affiliate of a registered broker-dealer, except as otherwise disclosed in the footnotes to the table below.
| Name of Selling Stockholder | |
Shares
of Class B Common Stock Beneficially Owned Prior to Offering (1) | | |
Percentage of Outstanding Class B Common Stock Beneficially Owned Prior to Offering (1)(2) | | |
Shares of Class B Common Stock Offered by this Prospectus (3) | | |
Shares of Class B Common Stock Beneficially Owned After Offering (1) | | |
Percentage of Outstanding Class B Common Stock Beneficially Owned After Offering (1)(2) | |
| Polar Asset Management Partners Inc. | |
| 0 | | |
| * | % | |
| 3,375,000 | (4) | |
| 0 | | |
| * | % |
| Robert Forster | |
| 0 | | |
| * | % | |
| 393,750 | (5) | |
| 0 | | |
| * | % |
| Mank Capital, LLC | |
| 0 | | |
| * | % | |
| 225,000 | (6) | |
| 0 | | |
| * | % |
| Aramas Capital Management LLC | |
| 0 | | |
| * | % | |
| 168,750 | (7) | |
| 0 | | |
| * | % |
| Connective Capital Emerging Energy QP, LP | |
| 0 | | |
| * | % | |
| 128,634 | (8) | |
| 0 | | |
| * | % |
| Connective Capital I QP, LP | |
| 0 | | |
| * | % | |
| 28,866 | (9) | |
| 0 | | |
| * | % |
*
Less than 1.0%.
| (1) |
Beneficial
ownership is determined in accordance with Rule 13d-3 under the Exchange Act. Shares of Class B common stock subject to options,
warrants or other rights that are exercisable or convertible within 60 days of August 6, 2026 are deemed beneficially owned
by the holder of such securities for purposes of this table. Except as otherwise indicated, the Warrants are not exercisable until
January 13, 2027 and therefore the shares of Class B common stock issuable upon exercise of the Warrants are not included in the
number of shares beneficially owned prior to this offering unless such shares are otherwise deemed beneficially owned under Rule
13d-3 as of the applicable measurement date. |
| |
|
| (2) |
Percentages
are based on 28,560,115 shares of Class B common stock outstanding as of August 6, 2026. For purposes of calculating
the percentage of outstanding shares beneficially owned by a Selling Stockholder, shares of Class B common stock that such Selling
Stockholder has the right to acquire within 60 days of August 6, 2026 are deemed outstanding, but such shares are not deemed
outstanding for purposes of calculating the percentage ownership of any other Selling Stockholder. |
| |
|
| (3) |
Represents
the full number of shares of Class B common stock issuable upon exercise of the Warrants held by the applicable Selling Stockholder
and registered for resale pursuant to the registration statement of which this prospectus forms a part. The number of shares in this
column does not give effect to the 60-day exercisability rule under Rule 13d-3 or to any beneficial ownership limitation contained
in the Warrants. |
| |
|
| (4) |
Represents
3,375,000 shares of Class B common stock issuable upon exercise of Warrants held by Polar Asset Management Partners Inc. The Warrants
held by Polar Asset Management Partners Inc. are subject to a beneficial ownership limitation of 9.99%, which prevents exercise to
the extent that, after giving effect to such exercise, Polar Asset Management Partners Inc., together with certain related parties,
would beneficially own more than 9.99% of our outstanding shares of Class B common stock. The address of Polar Asset Management Partners
Inc. is 16 York Street, Suite 2900, Toronto, Ontario M5J 0E6, Canada. |
| |
|
| (5) |
Represents
393,750 shares of Class B common stock issuable upon exercise of Warrants held by Robert Forster. The Warrants held by Robert Forster
are subject to a beneficial ownership limitation of 4.99%, which prevents exercise to the extent that, after giving effect to such
exercise, Robert Forster, together with certain related parties, would beneficially own more than 4.99% of our outstanding shares
of Class B common stock. The address of Robert Forster is 54 Deepdale Dr., Great Neck, NY 11021. |
| (6) |
Represents
225,000 shares of Class B common stock issuable upon exercise of Warrants held by Mank Capital, LLC. The Warrants held by Mank Capital,
LLC are subject to a beneficial ownership limitation of 4.99%, which prevents exercise to the extent that, after giving effect to
such exercise, Mank Capital, LLC, together with certain related parties, would beneficially own more than 4.99% of our outstanding
shares of Class B common stock. The address of Mank Capital, LLC is 347 West 87th Street, Apt. 2R, New York, NY 10024. |
| |
|
| (7) |
Represents
168,750 shares of Class B common stock issuable upon exercise of Warrants held by Aramas Capital Management LLC. The Warrants held
by Aramas Capital Management LLC are subject to a beneficial ownership limitation of 4.99%, which prevents exercise to the extent
that, after giving effect to such exercise, Aramas Capital Management LLC, together with certain related parties, would beneficially
own more than 4.99% of our outstanding shares of Class B common stock. The address of Aramas Capital Management LLC is 19 Orchard
Street, Manhasset, NY 11030. |
| |
|
| (8) |
Represents
128,634 shares of Class B common stock issuable upon exercise of Warrants held by Connective Capital Emerging Energy QP, LP. The
Warrants held by Connective Capital Emerging Energy QP, LP are subject to a beneficial ownership limitation of 4.99%, which prevents
exercise to the extent that, after giving effect to such exercise, Connective Capital Emerging Energy QP, LP, together with certain
related parties, would beneficially own more than 4.99% of our outstanding shares of Class B common stock. The address of Connective
Capital Emerging Energy QP, LP is 385 Homer Avenue, Palo Alto, CA 94301. |
| |
|
| (9) |
Represents
28,866 shares of Class B common stock issuable upon exercise of Warrants held by Connective Capital I QP, LP. The Warrants held by
Connective Capital I QP, LP are subject to a beneficial ownership limitation of 4.99%, which prevents exercise to the extent that,
after giving effect to such exercise, Connective Capital I QP, LP, together with certain related parties, would beneficially own
more than 4.99% of our outstanding shares of Class B common stock. The address of Connective Capital I QP, LP is 385 Homer Avenue,
Palo Alto, CA 94301. |
USE
OF PROCEEDS
The
Common Stock to be offered and sold using this prospectus will be offered and sold by the Selling Stockholders named in this prospectus.
Accordingly, we will not receive any proceeds from any sale of shares of Common Stock in this offering. However, we will receive the
exercise price per share for each Warrant exercised for cash; however, we are unable to predict the timing or amount of potential Warrant
exercises. As such, we have not allocated any proceeds of such exercises to any particular purpose. Accordingly, all such proceeds, if
any, will be used for working capital and other general corporate purposes.
PLAN
OF DISTRIBUTION
Each
Selling Stockholder of the securities and any of their pledgees, assignees and successors-in-interest may, from time to time, sell any
or all of their securities covered hereby on Nasdaq or any other stock exchange, market or trading facility on which the securities are
traded or in private transactions. These sales may be at fixed or negotiated prices. A Selling Stockholder may use any one or more of
the following methods when selling securities:
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ordinary
brokerage transactions and transactions in which the broker-dealer solicits purchasers; |
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|
|
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block
trades in which the broker-dealer will attempt to sell the securities as agent but may position and resell a portion of the block
as principal to facilitate the transaction; |
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|
|
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purchases
by a broker-dealer as principal and resale by the broker-dealer for its account; |
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|
|
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an
exchange distribution in accordance with the rules of the applicable exchange; |
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|
|
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privately
negotiated transactions; |
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|
|
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settlement
of short sales; |
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|
|
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in
transactions through broker-dealers that agree with the Selling Stockholders to sell a specified number of such securities at a stipulated
price per security; |
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|
|
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through
the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise; |
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|
|
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a
combination of any such methods of sale; or |
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|
|
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any
other method permitted pursuant to applicable law. |
The
Selling Stockholders may also sell securities under Rule 144 or any other exemption from registration under the Securities Act, if available,
rather than under this prospectus.
Broker-dealers
engaged by the Selling Stockholders may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions
or discounts from the Selling Stockholders (or, if any broker-dealer acts as agent for the purchaser of securities, from the purchaser)
in amounts to be negotiated, but, except as set forth in a supplement to this Prospectus, in the case of an agency transaction not in
excess of a customary brokerage commission in compliance with FINRA Rule 2121; and in the case of a principal transaction a markup or
markdown in compliance with FINRA Rule 2121.
In
connection with the sale of the securities or interests therein, the Selling Stockholders may enter into hedging transactions with broker-dealers
or other financial institutions, which may in turn engage in short sales of the securities in the course of hedging the positions they
assume. The Selling Stockholders may also sell securities short and deliver these securities to close out their short positions, or loan
or pledge the securities to broker-dealers that in turn may sell these securities. The Selling Stockholders may also enter into option
or other transactions with broker-dealers or other financial institutions or create one or more derivative securities which require the
delivery to such broker-dealer or other financial institution of securities offered by this prospectus, which securities such broker-dealer
or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).
The
Selling Stockholders and any broker-dealers or agents that are involved in selling the securities may be deemed to be “underwriters”
within the meaning of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers
or agents and any profit on the resale of the securities purchased by them may be deemed to be underwriting commissions or discounts
under the Securities Act. Each Selling Stockholder has informed us that it does not have any written or oral agreement or understanding,
directly or indirectly, with any person to distribute the securities.
We
are required to pay certain fees and expenses incurred by us incident to the registration of the securities. We have agreed to indemnify
the Selling Stockholders against certain losses, claims, damages and liabilities, including liabilities under the Securities Act.
We
agreed to keep the registration statement of which this prospectus is a part effective until at all times until the Holders no longer
own any Warrants or the shares issuable upon exercise thereof. The resale securities will be sold only through registered or licensed
brokers or dealers if required under applicable state securities laws. In addition, in certain states, the resale securities covered
hereby may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from the registration
or qualification requirement is available and is complied with.
Under
applicable rules and regulations under the Exchange Act, any person engaged in the distribution of the resale securities may not simultaneously
engage in market making activities with respect to the Common Stock for the applicable restricted period, as defined in Regulation M,
prior to the commencement of the distribution. In addition, the Selling Stockholders will be subject to applicable provisions of the
Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of the
Common Stock by the Selling Stockholders or any other person. We will make copies of this prospectus available to the Selling Stockholders
and have informed them of the need to deliver a copy of this prospectus to each purchaser at or prior to the time of the sale (including
by compliance with Rule 172 under the Securities Act).
Our
Common Stock is quoted on Nasdaq under the symbol “SEV.”
DESCRIPTION
OF SECURITIES
The
following descriptions summarize important terms of our capital stock. This summary reflects Aptera’s Amended and Restated Certificate
of Incorporation (the “Amended Charter”) and does not purport to be complete and is qualified in its entirety by the Amended
Charter and the Amended and Restated Bylaws (the “Bylaws”), which have been filed as Exhibits to the registration statement
of which this prospectus forms a part. For a complete description of Aptera’s capital stock, you should refer to our Amended Charter
and our Bylaws and applicable provisions of the Delaware General Corporation Law.
General
As
of August 6, 2026, the authorized capital stock of the Company consists of 305,000,000 shares of common stock, par value $0.0001
per share, 190,000,000 of which shares are designated as “Class A common stock” and 115,000,000 of which shares are designated
as “Class B common stock”.
As
of August 6, 2026, the Company has the following outstanding securities:
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11,983,010
shares of Class A Common Stock |
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28,560,115
shares of Class B Common Stock |
In
addition, 20,000,000 shares of Preferred Stock may be issued from time to time in one or more series by a resolution of the Board of
Directors establishing the number of shares to be included in such series, and fixing the voting powers, full or limited, or no voting
power of the shares of such series, and the designation, preferences and relative, participating, optional or other special rights, and
the qualifications, limitations or restrictions thereof, of the shares of each series.
Our
Class A common stock has voting rights and our Class B common stock does not have voting rights under our Amended Charter. See “Common
Stock - Voting Rights” and “Preferred Stock - Voting Rights” below for further details.
Common
Stock
Class
B common stock has the same rights and powers of, ranks equally to, shares ratably with and is identical in all respects, and as to all
matters to Class A common stock; except that our Class B common stock is non-voting and is not entitled to any votes on any matter that
is submitted to a vote of our stockholders, except as required by Delaware law.
Voting
Rights
Our
Class B common stock is non-voting and is not entitled to any votes on any matter that is submitted to a vote of our stockholders, except
as required by Delaware law, for instance, if we were to:
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change
the par value of the common stock; or |
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● |
amend
our Amended Charter to alter the powers, preferences, or special rights of the common stock as a whole in a way that would adversely
affect the holders of our Class B common stock. |
Generally,
for changes in par value, it would require the majority approval of all holders of our common stock to approve such change.
In
addition, Delaware law would permit holders of Class B common stock to vote separately, as a single class, if an amendment to our Amended
Charter would adversely affect them by altering the powers, preferences, or special rights of the Class B common stock, but not the Class
A common stock. As a result, in these limited instances, the holders of a majority of the Class B common stock could defeat any amendment
to our Amended Charter. For example, if a proposed amendment of our Amended Charter provided for the Class B common stock to rank junior
to the Class A common stock with respect to (i) any dividend or distribution, (ii) the distribution of proceeds were we to be acquired,
or (iii) any other right, Delaware law would require the vote of the Class B common stock, with each share of Class B common stock entitled
to one vote per share. In this instance, the holders of a majority of Class B common stock could defeat that amendment to our Amended
Charter.
Further,
upon and following the “Final Conversion Date” -defined as the date that no shares of Class A common stock remain outstanding-holders
of Class B common stock will be entitled to one vote per share.
Our
Amended Charter provides that the number of authorized shares of common stock or any class of common stock, including our Class B common
stock, may be increased or decreased (but not below the number of shares of common stock then outstanding) by the affirmative vote of
the holders of a majority of the Class A common stock. As a result, the holders of a majority of the outstanding Class A common stock
can approve an increase or decrease in the number of authorized shares of Class B common stock without a separate vote of the holders
of Class B common stock. This could allow us to increase and issue additional shares of Class B common stock beyond what is currently
authorized in our Amended Charter without the consent of the holders of our Class B common stock.
Each
holder of shares of Class A common stock will be entitled to one vote for each share thereof held at the record date for the determination
of the stockholders entitled to vote on such matters or, if no such record date is established, the date such vote is taken or any written
consent of stockholders is solicited.
Election
of Directors
The
holders of Class A common stock shall be entitled to elect, remove and replace all directors of the Company.
Dividend
Rights
Subject
to preferences that may be applicable to any then outstanding class of capital stock having prior rights to dividends, the holders of
the Class A common stock and the Class B common stock shall be entitled to receive, on a pari passu basis, when and as declared by the
Board of Directors, out of any assets of the Company legally available therefore, such dividends as may be declared from time to time
by the Board of Directors.
Liquidation
Rights
Subject
to preferences that may be applicable to any then outstanding class of capital stock having prior rights to dividends, in the event of
the Company’s liquidation, or winding up, whether voluntary or involuntary, subject to the rights of any Preferred Stock that may
then be outstanding, the assets of the Company legally available for distribution to stockholders shall be distributed on an equal priority,
pro rata basis to the holders of Class A and Class B common stock, treated as a single class.
Conversion
Rights
Each
share of Class A common stock is convertible at any time at the option of the holder into one share of Class B common stock.
On
any transfer of shares of Class A common stock, whether or not for value, each such transferred share will automatically convert into
one share of Class B common stock, except for certain transfers described in our Amended Charter, including certain transfers for tax
and estate planning purposes, transfers approved by our Board, and transfers to certain family members.
Right
of First Refusal
2,266,105
shares of the Company’s Class A common stock are subject to transfer restrictions. Should the holders of those shares wish to sell
or transfer their securities, except under certain limited circumstances, the Company has a right of first refusal to purchase those
shares.
Other
Rights
Holders
of Aptera’s Class A and Class B common stock have no preemptive, subscription or other rights, and there are no redemption or sinking
fund provisions applicable to Aptera’s Class A or Class B common stock.
Preferred
Stock
Pursuant
to the Amended Charter, our board of directors will have the authority, without further action by our stockholders, to designate and
issue shares of Preferred Stock in one or more series. Our board of directors may also designate the rights, preferences and privileges
of the holders of each such series of Preferred Stock, any or all of which may be greater than or senior to those granted to the holders
of common stock. Though the actual effect of any such issuance on the rights of the holders of common stock will not be known until such
time as our board of directors determines the specific rights of the holders of Preferred Stock, the potential effects of such an issuance
include:
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diluting
the voting power of the holders of common stock; reducing the likelihood that holders of common stock will receive dividend payments; |
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reducing
the likelihood that holders of common stock will receive payments in the event of our liquidation, dissolution, or winding up; and |
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delaying,
deterring, or preventing a change-in-control or other corporate takeover. |
All
Classes of Stock
Voting
Rights
Our
Class B common stock is non-voting and is not entitled to any votes on any matter that is submitted to a vote of our stockholders, except
as required by Delaware law. Delaware law would permit holders of Class B common stock to vote, with one vote per share, on a matter
if we were to:
| |
● |
change
the par value of the common stock; or |
| |
● |
amend
our Amended Charter to alter the powers, preferences, or special rights of the common stock as a whole in a way that would adversely
affect the holders of our Class B common stock. |
In
addition, Delaware law would permit holders of Class B common stock to vote separately, as a single class, if an amendment to our Amended
Charter would adversely affect them by altering the powers, preferences, or special rights of the Class B common stock, but not the Class
A common stock. As a result, in these limited instances, the holders of a majority of the Class B common stock could defeat any amendment
to our Amended Charter. For example, if a proposed amendment of our Amended Charter provided for the Class B common stock to rank junior
to the Class A common stock with respect to (i) any dividend or distribution, (ii) the distribution of proceeds were we to be acquired,
or (iii) any other right, Delaware law would require the vote of the Class B common stock, with each share of Class B common stock entitled
to one vote per share. In this instance, the holders of a majority of Class B common stock could defeat that amendment to our Amended
Charter.
Further,
upon and following the “Final Conversion Date” -defined as the date that no shares of Class A common stock remain outstanding-holders
of Class B common stock will be entitled to one vote per share.
Our
Amended Charter provides that the number of authorized shares of common stock or any class of common stock, including our Class B common
stock, may be increased or decreased (but not below the number of shares of common stock then outstanding) by the affirmative vote of
the holders of a majority of the Class A common stock. As a result, the holders of a majority of the outstanding Class A common stock
can approve an increase or decrease in the number of authorized shares of Class B common stock without a separate vote of the holders
of Class B common stock. This could allow us to increase and issue additional shares of Class B common stock beyond what is currently
authorized in our Amended Charter without the consent of the holders of our Class B common stock.
Each
holder of shares of Class A common stock will be entitled to one vote for each share thereof held at the record date for the determination
of the stockholders entitled to vote on such matters or, if no such record date is established, the date such vote is taken or any written
consent of stockholders is solicited.
Election
of Directors
The
holders of Class A common stock shall be entitled to elect, remove and replace all directors of the Company.
Dividend
Rights
The
holders of the Class A common stock and the Class B common stock shall be entitled to receive, on a pari passu basis, when and as declared
by the Board of Directors, out of any assets of the Company legally available therefore, such dividends as may be declared from time
to time by the Board of Directors.
Liquidation
Rights
In
the event of the Company’s liquidation, or winding up, whether voluntary or involuntary, subject to the rights of any Preferred
Stock that may then be outstanding, the assets of the Company legally available for distribution to stockholders shall be distributed
on an equal priority, pro rata basis to the holders of Class A and Class B common stock, treated as a single class.
Conversion
Rights
Each
share of Class A common stock is convertible at any time at the option of the holder into one share of Class B common stock.
On
any transfer of shares of Class A common stock, whether or not for value, each such transferred share will automatically convert into
one share of Class B common stock, except for certain transfers described in our Amended Charter, including certain transfers for tax
and estate planning purposes, transfers approved by our Board, and transfers to certain family members.
Right
of First Refusal
2,266,105
shares of the Company’s Class A common stock are subject to transfer restrictions. Should the holders of those shares wish to sell
or transfer their securities, except under certain limited circumstances, the Company has a right of first refusal to purchase those
shares.
Other
Rights
Holders
of Aptera’s Class A and Class B common stock have no preemptive, subscription or other rights, and there are no redemption or sinking
fund provisions applicable to Aptera’s Class A or Class B common stock.
Public
Benefit Corporation Status
We
are a public benefit corporation under subchapter XV of the Delaware General Corporation Law. As a public benefit corporation, our board
of directors is required by the Delaware General Corporation Law to manage or direct our business and affairs in a manner that balances
the pecuniary interests of our stockholders, the best interests of those materially affected by our conduct, and the specific public
benefits identified in our Amended Charter. We are also required to assess our benefit performance internally and to disclose to stockholders
at least biennially a report that details our promotion of the public benefits identified in our Amended Charter and of the best interests
of those materially affected by our conduct. We expect that our board of directors will measure our benefit performance against the objectives
and standards proposed by the Company and approved by the board of directors. When determining the objectives and standards by which
our board of directors will measure our public benefit performance, our board of directors will consider, among other factors, whether
the objectives and standards are (i) comprehensive in that they assess the positive impact of our business on the communities in which
we operate, and society and the environment, taken as a whole, (ii) credible in that they are comparable to the objectives and standards
created by independent third parties that evaluate the corporate ethics, sustainability and governance practices of other public benefit
corporations, and (iii) transparent in that the criteria considered for measuring such objectives and standards be made publicly available,
including disclosing the process by which revisions to the objectives and standards are made and whether such objectives and standards
present real or potential conflicts of interests.
Under
the Delaware General Corporation Law, our stockholders may bring a derivative suit to enforce this requirement only if they own (individually
or collectively), at least 2% of our outstanding shares or, upon our listing, the lesser of such percentage or shares of at least $2
million in market value.
Exclusive
Forum Provision of our Certificate of Incorporation
Our
Amended Charter contains exclusive forum provisions that designate specific courts as the exclusive forums for certain legal actions.
These provisions are intended to reduce the risk of costly and duplicative litigation but may limit a stockholder’s ability to
bring claims in a judicial forum of their choosing.
Specifically,
our Amended Charter provides that, to the fullest extent permitted by law, the Court of Chancery of the State of Delaware will be the
exclusive forum for:
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any
derivative action or proceeding brought on our behalf; |
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any
action asserting a claim of breach of fiduciary duty; |
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any
action asserting a claim against us arising pursuant to the Delaware General Corporation Law (DGCL), our Amended Charter, or our
Bylaws; and |
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● |
any
action asserting a claim governed by the internal affairs doctrine. |
In
addition, our Amended Charter contains a federal forum provision that provides that the U.S. federal district courts shall be the exclusive
forum for the resolution of any complaint asserting a cause of action arising under the Securities Act to the fullest extent permitted
by law.
These
exclusive forum provisions do not apply to claims under the Exchange Act which is subject to exclusive federal jurisdiction under Section
27 of the Exchange Act.
Any
person or entity purchasing or otherwise acquiring or holding any interest in our securities will be deemed to have notice of, and consented
to, these exclusive forum provisions, including the federal forum provision.
These
provisions may limit our stockholders’ ability to bring a claim in a forum they find favorable and may discourage lawsuits against
us or our directors, officers, or employees. If a court were to find any of these provisions to be inapplicable or unenforceable in a
particular case, we could incur additional costs associated with resolving the dispute in alternative jurisdictions, which could adversely
affect our business, financial condition, and results of operations.
Market
Our
Common Stock is quoted on Nasdaq under the symbol “SEV.”
Transfer
Agent
The
transfer agent of our Common Stock is Computershare Trust Company, N.A.
LEGAL
MATTERS
The
validity of the shares of Common Stock offered hereby will be passed upon for us by Lowenstein Sandler LLP, New York, New York.
EXPERTS
The
financial statements of Aptera Motors Corp. as of December 31, 2025 and 2024, and for the years then ended, appearing in Aptera Motor
Corp.’s Annual Report on Form 10-K for the year ended December 31, 2025, have been audited by dbbMcKennon, independent registered
public accounting firm, as set forth in their report thereon and incorporated herein by reference. Such financial statements are incorporated
herein by reference in reliance upon such report of dbbMcKennon pertaining to such financial statements given on the authority of such
firm as experts in auditing and accounting.
WHERE
YOU CAN FIND MORE INFORMATION
We
have filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-1 under the Securities
Act, as amended (the “Securities Act”) for the securities being offered by this prospectus. This prospectus, which is part
of the registration statement, does not contain all of the information included in the registration statement and the exhibits. For further
information about us and the securities offered by this prospectus, you should refer to the registration statement and its exhibits.
References in this prospectus to any of our contracts or other documents are not necessarily complete, and you should refer to the exhibits
attached to the registration statement for copies of the actual contract or document. SEC filings are also available to the public at
the SEC’s website at www.sec.gov.
We
are subject to the reporting and information requirements of the Exchange Act and, as a result, we file periodic and current reports,
proxy statements and other information with the SEC. We make our periodic reports and other information filed with or furnished to the
SEC, available, free of charge, through our website as soon as reasonably practicable after those reports and other information are filed
with or furnished to the SEC. Additionally, these periodic reports, proxy statements and other information are available for inspection
and copying at the public reference room and website of the SEC referred to above.
In
addition, we maintain a website at the following address: https://aptera.us. The information on our website is not incorporated
by reference in this prospectus. We also make available on or through our website certain reports and amendments to those reports that
we file with or furnish to the SEC in accordance with the Securities Exchange Act of 1934, as amended (“Exchange Act”). These
include our Annual Reports on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. We make this information
available on our website free of charge as soon as reasonably practicable after we electronically file the information with, or furnish
it to, the SEC. In addition, we routinely post on the “Investors” page of our website news releases, announcements and other
statements about our business and results of operations, some of which may contain information that may be deemed material to investors.
Therefore, we encourage investors to monitor the “Investors” page of our website and review the information we post on that
page.
INCORPORATION
OF CERTAIN INFORMATION BY REFERENCE
The
SEC allows us to “incorporate by reference” information that we file with it into this prospectus, which means that we can
disclose important information to you by referring you to those documents. The information incorporated by reference is an important
part of this prospectus. The information incorporated by reference is considered to be a part of this prospectus, and information that
we file later with the SEC will automatically update and supersede information contained in this prospectus and any accompanying prospectus
supplement.
We
incorporate by reference the documents listed below that we have previously filed with the SEC:
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our
Annual Report on Form 10-K for the year ended December 31, 2025, filed on March 30, 2026; |
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|
|
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our
Quarterly Reports on Form 10-Q for the periods ended March 31, 2026 and June 30, 2026, filed on May 13, 2026
and August 12, 2026, respectively; |
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|
|
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our
Current Reports on Form 8-K, filed January
26, 2026, March
12, 2026, April
14, 2026, July
7, 2026, July
13, 2026 and August 14, 2026 (other than any portions deemed furnished and not filed); and |
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|
|
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● |
the
description of our common stock contained in our Registration Statement on Form 8-A, filed with the SEC on September 30, 2025, including
any amendments thereto or reports filed for the purposes of updating this description, including Exhibit 4.12 to our Annual Report
on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 30, 2026. |
We
also incorporate by reference all documents we file pursuant to Section 13(a), 13(c), 14 or 15 of the Exchange Act (other than any portions
of filings that are furnished rather than filed pursuant to Items 2.02 and 7.01 of a Current Report on Form 8-K) after the date of the
initial registration statement of which this prospectus is a part and prior to effectiveness of such registration statement. All documents
we file in the future pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this prospectus and prior to
the termination of the offering are also incorporated by reference and are an important part of this prospectus.
Any
statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded
for the purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document
which also is or deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.

APTERA
MOTORS CORP.
4,320,000
Shares of Class B Common Stock
Issuable
Upon Exercise of Outstanding Warrants
PROSPECTUS
August 20,
2026