Summary by Moomoo AI
Nikola Corporation, an innovative designer and manufacturer of electric vehicles, has filed Prospectus Supplement No. 86 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 Annual Report on Form 10-K for the fiscal year ended December 31, 2023. This amendment provides additional details regarding Rule 10b5-1 trading arrangements of certain officers and is accompanied by new certifications by the company's principal executive and financial officers. The prospectus supplement pertains to the issuance of up to 23,890,000 shares of common stock, including shares issuable upon the exercise of warrants, and the offer and sale of up to 53,390,000 shares of common stock by selling securityholders. Nikola's common stock is traded on the Nasdaq Global Select Market under the symbol 'NKLA'. The closing price of Nikola's common stock on February 29, 2024, was $0.7442. The company emphasizes that the prospectus supplement should be read in conjunction with the original prospectus and that the information in the supplement prevails in case of any inconsistency.