Aptera Motors Announces $6 Million Registered Direct Offering
Aptera Motors (SEV) has entered into an agreement with institutional investors to conduct a registered direct offering of 3.43 million shares of Class B common stock at a price of $1.75 per share. The deal is intended to raise approximately $6 million in capital. In addition to the share sale, the company will issue private placement warrants allowing for the purchase of up to 3.43 million additional shares. Following the announcement, Aptera's stock experienced a decline as investors reacted to the potential dilution from the new equity issuance.
Topics: Private Placement Stock Issuance Warrants
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Part of the story Aptera Motors announces $6M registered direct offering; shares slump (3 articles)