{"url_path":"/sec/sev/8-k/2026-07-13/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-13","source_url":"https://www.sec.gov/Archives/edgar/data/1786471/0001493152-26-033058-index.html","accession_number":"0001493152-26-033058","cik":"0001786471","ticker":"SEV","issuer_name":"Aptera Motors Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1786471/0001493152-26-033058-index.html","primary_entity_key":"0001786471","primary_entity_name":"Aptera Motors Corp"},"word_count":533,"has_tables":true,"body_markdown":"**Item\n1.01 Entry into a Material Definitive Agreement.**\n\n \n\nOn\nJuly 10, 2026, Aptera Motors Corp., a Delaware corporation (the “Company”), entered into a Warrant Inducement Agreement (the\n“Inducement Agreement”) with holders (the “Holders”) of certain existing warrants (the “Existing Warrants”)\nto purchase shares of Class B common stock, par value $0.0001 per share (the “Common Stock”), of the Company. Pursuant to\nthe Inducement Agreement, the Holders and the Company agreed that, subject to any applicable beneficial ownership limitations, that the\nHolders would cash exercise (i) warrants to purchase up to 2,880,000 shares of our Common Stock at a reduced exercise price per\nshare of $2.07, previously issued in March 2026 (the “Existing Warrants”). The Company will receive aggregate gross proceeds\nof approximately $5.96 million from the exercise of the Existing Warrants before deducting financial advisory fees and other expenses\npayable by the Company.\n\n \n\nIn\nconsideration of the Holders’ agreement to exercise the Existing Warrants in accordance with the Inducement Agreement, the Company\nagreed to issue to the Holders new warrants (the “Inducement Warrants”) to purchase up to 4,320,000 shares of Common\nStock, which is equal to 150% of the number of shares of Common Stock issued upon exercise of the Existing Warrants (the “Inducement\nWarrant Shares”).\n\n \n\nThe\nInducement Warrants will have an exercise price of $2.25 per share, will be exercisable on January 13, 2027 and will expire on January\n13, 2032. The Company has agreed to file a registration statement by August 12, 2026 (the “Filing Date”), to register\nthe resale of the Inducement Warrant Shares (the “Resale Registration Statement”) and to use commercially reasonably efforts\nto cause such registration statement to become effective within 60 days following the Filing Date.\n\n \n\nThe\nCompany engaged A.G.P./Alliance Global Partners (“A.G.P.”) to act as Financial Advisor in connection with the transactions\nsummarized above and will pay A.G.P. a fee equal to 6% of the gross proceeds raised in the transaction and reimburse A.G.P. for legal\nexpenses incurred in connection with the transaction not to exceed $25,000.\n\n \n\nPursuant\nto the Inducement Agreement, during the period ending August 12, 2026, the Company may not (i) issue, enter into any agreement to issue,\nor announce the issuance or proposed issuance of any shares of common stock or common stock equivalents, or (ii) file any registration\nstatement or any amendment or supplement thereto, except for (a) any prospectus or prospectus supplements, or (b) a registration statement\non Form S-8 related to employee benefit plans. These restrictions are subject to customary exceptions for “Exempt Issuances.”\n\n \n\nThe\nExisting Warrants and the underlying shares of Common Stock were registered pursuant to the Company’s Registration Statement on\nForm S-1, as amended (File No. 333-294942), filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended\n(the “Securities Act”), on April 16, 2026, which was declared effective on April 20, 2026.\n\n \n\nThe\nforegoing descriptions of the Inducement Agreement and the Inducement Warrants do not purport to be complete and are qualified in their\nentirety by reference to the full text of the forms of Inducement Agreement and Inducement Warrants, which are filed as Exhibits 10.1\nand 4.1, respectively, to this Current Report on Form 8-K and incorporated herein by reference."}