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Nikola | DFAN14A: Definitive additional proxy soliciting materials filed by non-management

SEC announcement ·  Feb 20 17:21
Summary by Moomoo AI
On February 20, 2024, a group of Nikola Corporation shareholders, collectively known as the Concerned Stockholders, led by M&M Residual, LLC, announced their intention to nominate a slate of five independent director candidates for election at Nikola's 2024 Annual Meeting. The Concerned Stockholders, who own approximately 4.5% of Nikola's outstanding common stock, expressed their dissatisfaction with the current board's performance, citing years of poor corporate governance, operational underperformance, and significant financial losses that have led to a near-total erosion of Nikola's stock value since 2020. The group's nominees are poised to address these issues and implement a turnaround strategy for the electric vehicle company. In related news, Dave Sparks, one of the nominees and CEO of Sparks Motors, LLC, released a video on YouTube detailing his involvement with Nikola's Badger pickup truck project and his vision for the company's future. Trevor Milton, former CEO and Executive Chairman of Nikola, also shared materials related to the Badger project on LinkedIn and Instagram.
On February 20, 2024, a group of Nikola Corporation shareholders, collectively known as the Concerned Stockholders, led by M&M Residual, LLC, announced their intention to nominate a slate of five independent director candidates for election at Nikola's 2024 Annual Meeting. The Concerned Stockholders, who own approximately 4.5% of Nikola's outstanding common stock, expressed their dissatisfaction with the current board's performance, citing years of poor corporate governance, operational underperformance, and significant financial losses that have led to a near-total erosion of Nikola's stock value since 2020. The group's nominees are poised to address these issues and implement a turnaround strategy for the electric vehicle company. In related news, Dave Sparks, one of the nominees and CEO of Sparks Motors, LLC, released a video on YouTube detailing his involvement with Nikola's Badger pickup truck project and his vision for the company's future. Trevor Milton, former CEO and Executive Chairman of Nikola, also shared materials related to the Badger project on LinkedIn and Instagram.
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