11/10/2026 | Press release | Distributed by Public on 11/10/2026 07:01
Item 8.01 Other Events.
ATM Prospectus Suspension
As previously disclosed, Aptera Motors Corp. (the "Company") entered into a Controlled Equity OfferingSM Sales Agreement, dated October 1, 2026, by and between the Company and Cantor Fitzgerald & Co. ("Cantor") ( the "Sales Agreement"), pursuant to which the Company could issue and sell from time to time in an "at-the-market" public offering ("ATM Offering") shares of its Class B common stock, par value $0.0001 per share (the "Common Stock").
On November 9, 2026, the Company delivered written notice to Cantor that it was suspending and terminating the prospectus dated October 9, 2026 (the "ATM Prospectus"), related to the Company's Class B Common Stock issuable pursuant to the terms of the Sales Agreement. The Company will not make any sales of its securities pursuant to the Sales Agreement, unless and until a new prospectus or prospectus supplement is filed. Other than the termination of the ATM Prospectus, the Sales Agreement remains in full force and effect.
Financial Update and Preliminary Financial Information for the Quarter Ended September 30, 2026
The Company has not finalized its financial statements as of and for the quarter ended September 30, 2026. Based on its current estimates, the Company expects to report that it had cash and cash equivalents of approximately $9.2 million, which includes approximately $4.1 million of refundable customer reservation fees, as of September 30, 2026. The actual amounts that the Company will report will be subject to its financial closing procedures and any final adjustments that may be made prior to the time its financial results for the quarter ended September 30, 2026 are finalized and filed with the U.S. Securities and Exchange Commission. The preliminary financial data included herein has been prepared by, and is the responsibility of, management. The Company's independent registered public accounting firm has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data and, accordingly, does not express an opinion or any other form of assurance with respect thereto. This estimate should not be viewed as a substitute for financial statements prepared in accordance with accounting principles generally accepted in the United States. It does not reflect any updates following September 30, 2026, including any sales of Common Stock following such date, or consider any events or circumstances after the date that it was prepared, and is not necessarily indicative of the results to be achieved in any future period. Accordingly, you should not place undue reliance on this preliminary estimate. The Company assumes no duty to update this preliminary estimate except as required by law.