Aptera Motors Secures $75 Million Equity Line of Credit with New Circle Capital

Reuters11-13
<a href="https://laohu8.com/S/SEV">Aptera Motors</a> Secures $75 Million Equity Line of Credit with New <a href="https://laohu8.com/S/CRCL">Circle</a> Capital

Aptera Motors Corp. has announced the effectiveness of its S-1 registration statement related to a $75 million Equity Line of Credit (ELOC) with New Circle Principal Investments LLC, an affiliate of New Circle Capital. This agreement gives Aptera the right, but not the obligation, to sell up to $75 million of its Class B common stock over time at its discretion, providing flexible access to capital. The proceeds are expected to support the company's vehicle validation, production readiness, and other activities required to bring its Launch Edition vehicles to market.

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