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Nikola | 424B3: Prospectus

SEC announcement ·  Mar 1 16:43
Summary by Moomoo AI
Nikola Corporation, an innovative electric vehicle manufacturer listed under the symbol NKLA on the Nasdaq Global Select Market, has filed Prospectus Supplement No. 85 to update and supplement information in its previous prospectus dated July 17, 2020. The supplement, filed on March 1, 2024, includes Amendment No. 1 to the company's Quarterly Report on Form 10-Q, which was submitted to the Securities and Exchange Commission (SEC) on the same date. This amendment provides new details regarding the issuance of up to 23,890,000 shares of common stock, including shares issuable upon the exercise of warrants related to VectoIQ's initial public offering. Additionally, the supplement covers the potential sale of up to 53,390,000 shares of common stock by selling securityholders. The filing also addresses the adoption of Rule 10b5-1 trading arrangements by certain Nikola officers, which allows for the structured sale of shares and is intended to comply with affirmative defense conditions under the Exchange Act. The closing price of Nikola's common stock was reported at $0.7442 as of February 29, 2024.
Nikola Corporation, an innovative electric vehicle manufacturer listed under the symbol NKLA on the Nasdaq Global Select Market, has filed Prospectus Supplement No. 85 to update and supplement information in its previous prospectus dated July 17, 2020. The supplement, filed on March 1, 2024, includes Amendment No. 1 to the company's Quarterly Report on Form 10-Q, which was submitted to the Securities and Exchange Commission (SEC) on the same date. This amendment provides new details regarding the issuance of up to 23,890,000 shares of common stock, including shares issuable upon the exercise of warrants related to VectoIQ's initial public offering. Additionally, the supplement covers the potential sale of up to 53,390,000 shares of common stock by selling securityholders. The filing also addresses the adoption of Rule 10b5-1 trading arrangements by certain Nikola officers, which allows for the structured sale of shares and is intended to comply with affirmative defense conditions under the Exchange Act. The closing price of Nikola's common stock was reported at $0.7442 as of February 29, 2024.
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