Aptera issues 3,369,629 unregistered warrants worth RMB 50 million to Shanghai Launch
Reuters2026/08/20 21:18- Aptera Motors entered a strategic partnership with Shanghai Launch Automotive Technology on Aug. 14, 2026, tying compensation partly to equity warrants.
- Issued 3,369,629 warrants worth RMB 50 million in an unregistered sale under Regulation S, linked to manufacturing and engineering work.
- Warrants become exercisable only as credited against company-approved invoices; total warrant consideration capped at RMB 100 million.
- Initial warrants carry a $2.2 exercise price; later warrants priced at the greater of the Nasdaq minimum price or $2.25.
- Exercises face a 4.99% beneficial ownership limit, with issuance capped at 19.99% without required Nasdaq stockholder approval.
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