Aptera Motors Shares Fall After Direct Listing on Nasdaq

MT Newswires Live

10/17

Aptera Motors (SEV) shares fell 58% to $8.37 from an opening price of $19.99 in their Nasdaq debut on Thursday following a direct listing by the solar electric vehicle developer.

The stock slumped after reaching an intraday high of $22.43.

The company registered 31.7 million Class B common shares for resale by existing shareholders, according to its prospectus.

Price: 8.37, Change: -11.62, Percent Change: -58.13

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