Aptera issues 3,369,629 unregistered warrants worth RMB 50 million to Shanghai Launch

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aptera Motors Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-039512), on August 20, 2026, and is solely responsible for the information contained therein.