Aptera Motors announces effectiveness of S-1 registration statement

Aptera Motors (SEV) announced that its registration statement on Form S-1 related to its Equity Line of Credit has become effective. 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. The ELOC is designed to provide flexible access to capital, strengthening the company’s balance sheet and supporting its operational and strategic goals. 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.