Aptera issues 3,369,629 unregistered warrants worth RMB 50 million to Shanghai Launch
SEV•Ownership and listing limits
Exercises are subject to a 4.99% beneficial ownership limit, and issuance is capped at 19.99% without required Nasdaq stockholder approval.
Exercise terms and consideration cap
The warrants become exercisable only as credited against company-approved invoices; total warrant consideration is capped at RMB 100 million.
Initial warrants carry a $2.20 exercise price; later warrants are priced at the greater of the Nasdaq minimum price or $2.25.
Strategic partnership and warrant issuance
Aptera Motors entered a strategic partnership with Shanghai Launch Automotive Technology on Aug. 14, 2026, tying compensation partly to equity warrants.
The company issued 3,369,629 warrants worth RMB 50 million in an unregistered sale under Regulation S, linked to manufacturing and engineering work.
