SEV 424B5: Secondary offering
Filed with the SEC on · accession 0001493152-26-051029
SEV filed a 424B5 (prospectus (offering)) with the SEC on Nov 10, 2026. Aptera Motors Corp is offering 3,428,571 shares of Class B common stock at $1.75 per share for gross proceeds of approximately $6.0 million, alongside a concurrent private placement of warrants to purchase up to 3,428,571 shares at $2.05 per share. The stock moved -28.9% by the first close after the filing.
Summary of the filing
Aptera Motors Corp is offering 3,428,571 shares of Class B common stock at $1.75 per share for gross proceeds of approximately $6.0 million, alongside a concurrent private placement of warrants to purchase up to 3,428,571 shares at $2.05 per share. Ladenburg Thalmann is acting as lead placement agent on a reasonable best efforts basis.
Key details
How SEV stock reacted
Close before
$2.28
Nov 9, 2026
First close after
-28.95%
$1.62
5 trading days
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Since filing
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Click hereFrequently asked questions
What did SEV file with the SEC on Nov 10, 2026?
SEV filed a 424B5 (Secondary offering). Aptera Motors Corp is offering 3,428,571 shares of Class B common stock at $1.75 per share for gross proceeds of approximately $6.0 million, alongside a concurrent private placement of warrants to purchase up to 3,428,571 shares at $2.05 per share. Ladenburg Thalmann is acting as lead placement agent on a reasonable best efforts basis.
What does a secondary offering mean for SEV stock?
New shares dilute existing holders and are often sold at a discount to the market price.
How do I read a 424B5?
The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.
Why are SEC filings important?
Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.
How did SEV stock react to this filing?
SEV closed at $2.28 before the filing and $1.62 on Nov 10, 2026 (-28.95%).
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