Home / Going-concern warnings / Aptera Motors Corp
Filed 2026-03-30 路 Form 10-K 路 Accession 0001493152-26-013581 nano
Price before filing: $2.53 (2026-03-27 close, split/dividend-adjusted)
Market cap at flag: $3.7M (2026-03-30) 路 Latest: $53.4M (2026-10-16)
| Window | SEV | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +11.5% | +12.2% | -0.8% | 2026-04-29 |
| 90 days | -10.3% | +17.2% | -27.4% | 2026-06-29 |
| 180 days | -21.7% | +21.4% | -43.1% | 2026-09-28 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $155K (3 sales)
30 days after: 1 insider sold $150K (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-01-05 | Johnson Michael Edious 10% owner | Sale | 10,500 | $4.60 | $48K | no | Form 4 |
| 2026-01-06 | Johnson Michael Edious 10% owner | Sale | 11,500 | $4.59 | $53K | no | Form 4 |
| 2026-01-28 | Johnson Michael Edious 10% owner | Sale | 38,000 | $1.41 | $54K | no | Form 4 |
| 2026-03-30: red flag filed | |||||||
| 2026-04-17 | Johnson Michael Edious 10% owner | Sale | 48,500 | $3.09 | $150K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-30 to 2026-04-29. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As discussed in Note 1 to the financial statements, the Company has suffered recurring losses from operations and negative net cash used in operating activities, which raises substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: dbbmckennon
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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