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Aptera Motors Announces Closing of $9 Million Public Offering

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 ...