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Nikola | 424B3: Prospectus

SEC announcement ·  Mar 1 16:51
Summary by Moomoo AI
Nikola Corporation, an innovative designer and manufacturer of electric vehicles, has filed Prospectus Supplement No. 85 to update and supplement information in its previous prospectus dated July 27, 2020. This filing, made 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. The supplement details the offer and sale of up to 249,843,711 shares of common stock by selling securityholders, which encompasses shares held by original holders from private placements and shares held by certain affiliates of the company. The shares are being registered for resale based on registration rights under a Registration Rights and Lock-Up Agreement, which also imposes certain transfer and lock-up restrictions. Nikola's common stock is traded on...Show More
Nikola Corporation, an innovative designer and manufacturer of electric vehicles, has filed Prospectus Supplement No. 85 to update and supplement information in its previous prospectus dated July 27, 2020. This filing, made 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. The supplement details the offer and sale of up to 249,843,711 shares of common stock by selling securityholders, which encompasses shares held by original holders from private placements and shares held by certain affiliates of the company. The shares are being registered for resale based on registration rights under a Registration Rights and Lock-Up Agreement, which also imposes certain transfer and lock-up restrictions. Nikola's common stock is traded on the Nasdaq Global Select Market under the symbol 'NKLA'. The closing price of the stock on February 29, 2024, was $0.7442. The prospectus supplement must be read in conjunction with the original prospectus, and in case of any inconsistency, the information in the supplement prevails. The filing also includes information about the termination and adoption of Rule 10b5-1 trading arrangements by certain officers of the company.

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