# Aptera Motors Corp (SEV) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_b673828d562509a030a3 · retrieved 2026-08-13T09:30:31.613Z

## Overview
Aptera Motors Corp is an automotive technology company focused on developing and manufacturing highly efficient solar electric vehicles (SEVs), with its flagship three-wheeled Aptera model designed for efficiency and sustainability through aerodynamic design, lightweight construction, and integrated solar charging capabilities.

On July 10, 2026, Aptera Motors entered into an inducement agreement with warrant holders to exchange existing warrants (2,880,000 shares at $2.07 exercise price) for new warrants (4,320,000 shares at $2.25 exercise price). The holders exercised their existing warrants for cash on July 13, 2026, generating approximately $5.96 million in gross proceeds to the company before deducting financial advisory fees and offering expenses. The new warrants become exercisable on January 13, 2027 and expire five years thereafter.

## Terms
- Counterparty: Warrant holders (Polar Asset Management Partners Inc., Robert Forster, Mank Capital LLC, Aramas Capital Management LLC, Connective Capital Emerging Energy QP LP, Connective Capital I QP LP) · Deal value: $6.0M · Consideration: cash · Price/share: $2.25

## Key dates
- Announced 2026-08-07 · Expiry 2032-01-13

## Timeline
- 2026-08-07 · S-1 (0001493152-26-036568): S-1 - Aptera Motors Corp — *Aptera Motors Corp is an automotive technology company focused on developing and manufacturing highly efficient solar electric vehicles (SEVs), with its flagship three-wheeled Aptera model designed for efficiency and sustainability through aerodynamic design, lightweight construction, and integrated solar charging capabilities.* On July 10, 2026, Aptera Motors entered into an inducement agreement with warrant holders to exchange existing warrants (2,880,000 shares at $2.07 exercise price) for new warrants (4,320,000 shares at $2.25 exercise price). The holders exercised their existing warrants for cash on July 13, 2026, generating approximately $5.96 million in gross proceeds to the company before deducting financial advisory fees and offering expenses. The new warrants become exercisable on January 13, 2027 and expire five years thereafter.
  https://www.sec.gov/Archives/edgar/data/1786471/0001493152-26-036568.txt

## Citations
- 0001493152-26-036568 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226036568