Aptera Closes $9 Million Public Offering of Stock and Warrants

Overview

• Aptera sold 4.5 million Class B shares at $2.00 each with accompanying warrants in a completed public offering.
• The warrants are immediately exercisable at $2.00, expire in five years, and could add up to $9 million in gross proceeds if fully exercised, bringing the total to as much as $18 million.
• All securities were sold by the company, with A.G.P./Alliance Global Partners serving as sole placement agent.
• The transaction closed January 26, 2026, under a Form S-1 registration declared effective by the SEC on January 22, 2026.
• Net proceeds are earmarked for vehicle validation testing, design-for-manufacturability, production planning, supplier engagements, and long-lead tooling, which leadership framed as a key 2026 execution milestone.