Aptera Motors Registers 4.75 Million Shares for Investor Resale
EG
Ezra Garrett
SEC retail investor rule · Apr 18, 2026
Source: DojiDoji Data Terminal
Existing investors in Aptera Motors may now resell 4,751,250 shares of Class B common stock, following an amended Form S-1 filing. These shares are issuable upon the exercise of warrants with a $3.50 per-share exercise price. The warrants were issued in a private placement on March 12, 2026.
This issuance was the result of an inducement offer letter agreement. Investors agreed to cash exercise earlier warrants with a $2.00 exercise price in exchange for the new warrants. That exercise generated $6.34 million in gross proceeds for the company. Aptera Motors intends to use the net proceeds from any cash exercise of the new $3.50 warrants for working capital and general corporate purposes.
SEC retail investor rule
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