Aptera has opened another round of investment in the company via its website.
According to Aptera’s recent SEC filing, the company opened a “Class B common stock” investment opportunity via its website. This investment and a current grant opportunity will allow the brand to begin production and hopefully ship its first vehicles as soon as possible. Nevertheless, investors should be aware of the advantages and limitations of this investment opportunity.
Looking at Aptera’s investment page, they list some crucial details and benefits for investors. The investment round has a minimum investment requirement of $1,000, or approximately 95 shares, which the company has valued at $10.50. Additionally, investors who spend more than $1,000 will receive a $100 coupon that can be applied to any Aptera booking. Investors who invest more than $10,000 will receive the same $100 rebate and an additional 5% rebate on any Aptera order.
However, some significant limitations accompany this investment when looking at the corresponding SEC filing. First, Aptera is not a publicly traded company, so the legal requirements for this type of investment are not available in this case. This investment will also not allow owners of “Class B” shares to vote on the affairs of the company; this opportunity is only available to owners of “Class A” shares. Finally, it is unclear whether these stocks are transferable in any way. The company does not authorize the return of the investment, but the deposit does not address the sale/transfer process.
The funds accumulated through this round of investment will hopefully allow the brand to start producing and delivering its vehicle. According to their filing, the vast majority of the money will be spent either on development or production. For a company with 30,000 orders to fulfill, a queue Aptera says is worth more than $1 billion, this funding could be brand defining.
Those who are deeply in love with the idea of hyper-efficient transportation and would love to make that dream a reality should consider supporting the company that seeks to do just that. However, due to the limitations of the stock and the long list of potential risks of filing with the SEC, investors should always be wary of how they spend such a large sum of money. All information cited in this article is available on the Aptera investment site.
Disclosure: William is not an Aptera investor, nor has he purchased any securities mentioned in this article. William is not associated with the Aptera Ambassador program.
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