Form 8-K

8-K — Aptera Motors Corp

Accession: 0001493152-26-045258

Filed: 2026-10-01

Period: 2026-10-01

CIK: 0001786471

SIC: 3711 (MOTOR VEHICLES & PASSENGER CAR BODIES)

Item: Regulation FD Disclosure

Item: Other Events

Item: Financial Statements and Exhibits

Documents

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): October 1, 2026

APTERA

MOTORS CORP.

(Exact

name of Registrant as Specified in Its Charter)

Delaware

001-42884

83-4079594

(State

or Other Jurisdiction

(Commission

(IRS

Employer

Incorporation)

File

Number)

Identification

No.)

5818

El Camino Real

Carlsbad,

California

92008

(Address

of Principal Executive Offices)

(Zip

Code)

Registrant’s

Telephone Number, Including Area Code: (858) 371-3151

Not

Applicable

(Former

Name or Former Address, if Changed Since Last Report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Class

B Common Stock, par value $0.0001 per share

SEV

Nasdaq

Capital Market

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On October 1, 2026, Aptera Motors

Corp. (the “Company”) issued a press release announcing updates to its estimated capital requirements and production timeline.

A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein.

Item

8.01 Other Events.

October 1, 2026, the Company announced updates to its estimated capital requirements and production timeline. The updated estimates

reflect anticipated benefits from the Company’s previously announced strategic partnership with Shanghai Launch Automotive Technology

Co., Ltd. (“Launch Design”), including design-for-manufacturing refinements, expected access to Launch Design’s international

supplier network, and a rebuilt bill of materials informed by supplier quotes received to date.

The

Company now estimates that it will require approximately $25 million to reach start of production, a reduction from the $40 million to

$45 million previously estimated, representing a decrease of approximately 38% to 44%. These funds are expected to support supplier purchases

for initial vehicles, remaining tooling, and the final low-volume assembly line at the Company’s facility in Carlsbad, California.

reach a production rate of 500 vehicles per month, the milestone at which the Company believes it could fund ongoing operations from

vehicle sales, the Company estimates it will require approximately $65 million in total, representing approximately $40 million in additional

capital beyond start of production. To scale toward high-volume production of approximately 20,000 vehicles per year, the Company estimates

it will require an additional $50 million in tooling and equipment, for a total estimated capital requirement of approximately $115 million,

down from $180 million to $205 million previously estimated.

Collectively,

the expected benefits of the Launch Design partnership are anticipated to reduce the Company’s estimated full-plan cost by approximately

$65 million to $90 million, or approximately 36% to 44%, compared with the prior estimate of $180 million to $205 million.

These

updated capital and timing estimates supersede the capital and timing estimates included in the Company’s Quarterly Report on Form

10-Q for the quarter ended June 30, 2026.

The

Company plans to begin building its first 40 production vehicles by the end of 2026 and to begin initial customer deliveries in early

2027. All capital and timing estimates are subject to the Company obtaining financing on acceptable terms and on a timely basis, as well

as supplier performance and receipt of required regulatory approvals.

Item 9.01 Financial Statements

and Exhibits.

(d) Exhibits.

Exhibit

No.

Description

99.1

Press Release, dated October 1, 2026

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant

to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

Aptera

Motors Corp.

By:

/s/

Tom DaPolito

Name:

Tom

DaPolito

Title:

Interim

Chief Financial Officer

Date:

October 1, 2026

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit

99.1

Aptera

Significantly Reduces Estimated Capital Requirements for Production

●

Approximately

$25 Million Estimated to Reach Start of Production, Down from $40 to $45 Million Previously Estimated

●

First

40 Production Vehicles Planned to Begin Building by the End of 2026; Customer Deliveries for Early 2027, Subject to Timely Financing

●

Approximately

$65 Million Estimated to Reach 500 Vehicles Per Month, the Production Rate at Which Aptera Believes It Could Become Self-Sustaining

Carlsbad,

Calif. – October 1, 2026 – Aptera Motors Corp. (Nasdaq: SEV) (“Aptera” or the “Company”), a solar

mobility company advancing ultra-efficient transportation, today announced that it now estimates it needs approximately $25 million to

reach start of production, down from $40 to $45 million, and approximately $115 million for its full plan through high-volume production,

down from $180 to $205 million. The estimated reductions primarily reflect anticipated benefits of the Company’s previously announced

partnership with Launch Design (Shanghai Launch Automotive Technology Co., Ltd.).

“This

is a fundamentally leaner path to getting Aptera into customers’ hands. We’ve reduced our estimated capital requirements

to reach production and brought what we believe could be a self-sustaining business within much closer reach,” said Chris Anthony,

Co-CEO of Aptera. “By redesigning the Aptera for manufacturability and tapping Launch Design’s international supplier network,

we believe we are pursuing one of the more capital-efficient paths to production in the EV industry.”

The

Path to Production

Start

of Production. Approximately $25 million, down from $40 to $45 million previously estimated (a reduction of approximately 38% to

44%). This is expected to fund supplier purchases for initial vehicles, remaining tooling, and the final low-volume assembly line in

Carlsbad, California. Aptera plans to begin building its first 40 production vehicles by the end of 2026 and to begin customer deliveries

in early 2027.

Volume

Production Rate. Approximately $65 million in total (about $40 million beyond start of production) to reach 500 vehicles per month,

the milestone at which Aptera believes it could fund ongoing operations from vehicle sales.

High-Volume

Production. Approximately $50 million more for tooling and equipment to scale toward approximately 20,000 vehicles per year, for

a total of approximately $115 million.

All

capital and timing estimates depend on Aptera obtaining financing on acceptable terms and on a timely basis, as well as on supplier performance

and regulatory approvals.

What

Drives the Lower Estimates

The

lower estimates principally reflect the expected impact of Aptera’s partnership with Launch Design, including design-for-manufacturing

refinements to the vehicle, expected access to Launch’s international supplier network, and a rebuilt bill of materials informed

by supplier quotes received to date. Together, these are expected to reduce the estimated full-plan cost by approximately $65 to $90

million, or 36% to 44%, compared with the $180 to $205 million previously estimated.

These

updated estimates supersede the capital and timing estimates in Aptera’s Quarterly Report on Form 10-Q for the quarter ended June

30, 2026.

About

Aptera Motors Corp.

Aptera

Motors Corp. (Nasdaq: SEV) is a solar mobility company driven by a mission to advance the future of efficient transportation. Its flagship

vehicle is conceived to be a paradigm-shifting solar electric vehicle that leverages breakthroughs in aerodynamics, material science,

and solar technology to pursue new levels of efficiency. As a public benefit corporation, Aptera is committed to building a sustainable

business that positively impacts its stakeholders and the environment. Aptera is headquartered in Carlsbad, California. For more information,

please visit www.aptera.us.

Forward-Looking

Statements

This

press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the

Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the anticipated benefits of the

Company’s strategic partnership with Launch Design, including expectations regarding design-for-manufacturing efficiencies, access

to Launch’s international supplier network, bill of materials reductions, and production economics; the Company’s updated

capital plan and capital requirements, including the estimated capital required to reach start of production, complete the first 40 production

vehicles and commence initial customer deliveries, reach a production rate of 500 vehicles per month, and reach high-volume production;

the Company’s expectations regarding self-sustaining operations and its belief regarding the capital efficiency of its plan relative

to other electric vehicle companies; the timing and scope of production, including plans to begin building the first 40 production vehicles

by the end of 2026 and initial customer deliveries in early 2027; plans to complete final vehicle assembly in Carlsbad, California; the

Company’s longer-term production target of approximately 20,000 vehicles per year; and the Company’s financing plans. These

forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts

and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,”

“believe,” “hope,” “target,” “project,” “goals,” “estimate,”

“potential,” “predict,” “may,” “will,” “might,” “could,” “intend,”

“shall,” “plan,” “continue,” “advancing,” “scaling,” and variations of these

terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements.

Forward-looking

statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Aptera’s

control. These risks include, among others: risks related to Aptera’s ability to raise additional capital on acceptable terms or

at all, and the risk that the Company may need to raise additional capital beyond the amounts currently estimated; risks associated with

the partnership with Launch Design, including the risk that Launch does not perform as anticipated and that anticipated cost savings,

capital reductions, or production timelines are not realized; risks related to reliance on an international supply chain; risks related

to tariffs, export controls, trade restrictions, or other changes in U.S. or international trade policy that could affect cross-border

manufacturing arrangements; supply chain delays and disruptions, including the risk that suppliers do not perform under purchase orders

on the anticipated timeline or at all; the feasibility and timing of scaling our manufacturing and assembly processes; the availability

and timing of required capital, and market conditions affecting financing; regulatory approvals and compliance, including regulatory

approvals necessary to sell or operate our vehicles commercially; our ability to access capital under our equity line of credit and other

sources on acceptable terms and timing; our dependence on successful validation builds and timely component deliveries to achieve any

production milestones; risks that actual vehicle demand, pricing and production costs may differ materially from current assumptions;

the previously disclosed material weaknesses in our internal control over financial reporting and the timing and cost of remediation;

the ongoing SEC investigation; and other risks described in our Annual Report on Form 10-K for the year ended December 31, 2025, our

Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and our other filings with the Securities and Exchange Commission.

Aptera’s ability to continue as a going concern is dependent on its success in raising additional capital and executing its business

plan, as further described in its SEC filings. The forward-looking statements included in this press release represent Aptera’s

views as of the date of this press release. Aptera anticipates that subsequent events and developments will cause its views to change.

Aptera undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events

or otherwise. These forward-looking statements should not be relied upon as representing Aptera’s views as of any date subsequent

to the date of this press release.

Investor

Relations:

Aptera

Motors Corp.

ir@aptera.us

Media

Contact:

media@aptera.us

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