Aptera Motors Corp. filed a Form 8-K on November 10, 2026, disclosing the suspension and termination of its at-the-market offering prospectus and providing preliminary cash figures for the quarter ended September 30, 2026.

Key Highlights

  • ATM prospectus terminated: On November 9, 2026, Aptera delivered written notice to Cantor Fitzgerald & Co. suspending and terminating the prospectus dated October 9, 2026, related to its Class B Common Stock ATM offering.
  • Sales Agreement intact: According to the filing, "Other than the termination of the ATM Prospectus, the Sales Agreement remains in full force and effect."
  • No further sales permitted: The company disclosed it will not make any sales of its securities under the Sales Agreement unless and until a new prospectus or prospectus supplement is filed.
  • Preliminary cash estimate: The company reported it expects to disclose cash and cash equivalents of approximately $9.2 million as of September 30, 2026.
  • Customer reservation fees included: Of the approximately $9.2 million, approximately $4.1 million consists of refundable customer reservation fees, according to the filing.
  • Financials not finalized: The company stated it has not finalized its financial statements for the quarter ended September 30, 2026, and the figures have not been audited, reviewed, or compiled by its independent registered public accounting firm.

Aptera Motors Halts ATM Stock Sales and Shares Unaudited Q3 2026 Cash Position

Aptera Motors Corp. (NASDAQ:SEV), a Delaware-incorporated emerging growth company headquartered in Carlsbad, California, filed a current report on November 10, 2026, covering two related disclosures: the suspension of its at-the-market equity offering program and preliminary cash data for its most recent fiscal quarter.

According to the filing, Aptera had entered into a Controlled Equity Offering Sales Agreement dated October 1, 2026, with Cantor Fitzgerald & Co., under which it was authorized to issue and sell shares of its Class B Common Stock, par value $0.0001 per share, in an at-the-market public offering. On November 9, 2026, the company delivered written notice to Cantor suspending and terminating the ATM prospectus dated October 9, 2026. The filing states the company will not make any sales under the Sales Agreement unless and until a new prospectus or prospectus supplement is filed, while the underlying Sales Agreement itself remains in force.

Separately, the company disclosed preliminary financial information for the quarter ended September 30, 2026. Based on current management estimates, Aptera expects to report approximately $9.2 million in cash and cash equivalents as of that date, of which approximately $4.1 million represents refundable customer reservation fees. The filing explicitly notes that these figures have not been finalized, have not been audited, reviewed, compiled, or subject to agreed-upon procedures by the company's independent registered public accounting firm, and should not be treated as a substitute for financial statements prepared under U.S. generally accepted accounting principles. The report was signed by Tom DaPolito, Interim Chief Financial Officer.

What Was Disclosed

Aptera Motors disclosed the November 9, 2026 termination of its ATM offering prospectus, clarified that no further stock sales will occur under the existing Sales Agreement without a new prospectus, and provided unaudited preliminary cash and cash equivalents of approximately $9.2 million as of September 30, 2026.