Solar car maker Aptera (SEV) prices $9 million public offering at $2 per share; stock plunges
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Aptera Motors has priced a $9 million public offering at $2 per share, significantly below the previous closing price of $2.41, causing the stock to plunge. The offering includes 4.5 million shares of Class B common stock and warrants for an additional 4.5 million shares at the same price, aimed at raising capital for production of its solar electric vehicle.
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