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Nikola | 424B3: Prospectus

SEC announcement ·  Mar 4 08:20
Summary by Moomoo AI
Nikola Corporation, listed on the Nasdaq Global Select Market under the symbol 'NKLA', has filed a prospectus supplement on March 4, 2024, to update and supplement information from its current report on Form 8-K. This filing pertains to the registration of up to 249,843,711 shares of common stock for resale by selling securityholders, as per the rights under a Registration Rights and Lock-Up Agreement. The shares include those held by Original Holders and affiliates of the company. Additionally, Nikola has appointed Thomas B. Okray as the new Chief Financial Officer, effective March 4, 2024. Mr. Okray's extensive experience includes roles at Eaton Corporation PLC, W.W. Grainger, Inc., Advance Auto Parts, Inc., Amazon.com, Inc., and General Motors Company. His compensation includes an annual base salary, restricted stock units, performance stock units, and a relocation bonus. The appointment comes with an indemnification agreement and is accompanied by certain post-termination benefits outlined in the Employment Agreement.
Nikola Corporation, listed on the Nasdaq Global Select Market under the symbol 'NKLA', has filed a prospectus supplement on March 4, 2024, to update and supplement information from its current report on Form 8-K. This filing pertains to the registration of up to 249,843,711 shares of common stock for resale by selling securityholders, as per the rights under a Registration Rights and Lock-Up Agreement. The shares include those held by Original Holders and affiliates of the company. Additionally, Nikola has appointed Thomas B. Okray as the new Chief Financial Officer, effective March 4, 2024. Mr. Okray's extensive experience includes roles at Eaton Corporation PLC, W.W. Grainger, Inc., Advance Auto Parts, Inc., Amazon.com, Inc., and General Motors Company. His compensation includes an annual base salary, restricted stock units, performance stock units, and a relocation bonus. The appointment comes with an indemnification agreement and is accompanied by certain post-termination benefits outlined in the Employment Agreement.
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