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Aptera Motors Announces Effectiveness of S-1 Registration Statement for $75 Million Equity Line of Credit Facility
CARLSBAD, Calif., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV), a solar mobility company focused on developing highly efficient
About this update from Aptera Motors Corp.
[{"type":"text","content":"CARLSBAD, Calif., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV), a solar mobility company focused on developing highly efficient vehicles, today announced that its registration statement on Form S-1 related to its Equity Line of Credit (ELOC) has become effective.\n This ELOC provides Aptera with the right, but not the obligation, to sell up to $75 million of its Class B common stock to New Circle Principal Investments LLC, an affiliate of New Circle Capital, over time, at its discretion and subject to customary conditions.\n The ELOC is designed to provide flexible access to capital, strengthening the company's balance sheet and supporting its operational and strategic goals.\n “Having this S-1 effective is a key milestone for Aptera, providing us with a flexible and strategic tool to fund our operations,” said Chris Anthony, Co-CEO of Aptera. “This instrument allows us to access capital incrementally, aligning our funding with our development and production timelines as we work toward our validation and low-volume production milestones.”\n Proceeds from any sales of stock under the ELOC are expected to support validation, production readiness, including tooling and other activities required to bring Aptera’s Launch Edition vehicles to market.\n The offering of the securities covered by the registration statement may only be made by means of a prospectus. The registration statement and prospectus may be accessed through the U.S. Securities and Exchange Commission's website at www.sec.gov.\n This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n About Aptera Motors Corp.\n Aptera Motors Corp. is a solar mobility company driven by a mission to advance the future of efficient transportation. Its flagship vehicle is a paradigm-shifting solar electric vehicle that leverages breakthroughs in aerodynamics, material science, and solar technology to pursue new levels of efficiency. As a public benefit corporation, Aptera is committed to building a sustainable business that positively impacts its stakeholders and the envir...