Summary by Futu AI
Nikola Corporation has filed Prospectus Supplement No. 87, updating its previous prospectus dated July 27, 2020, with the Securities and Exchange Commission (SEC) on March 18, 2024. This filing pertains to the potential sale of up to 249,843,711 shares of common stock by selling securityholders. The shares include those held by original holders from a private placement and affiliates of the company. The shares are being registered for resale based on registration rights under an agreement that also imposes certain transfer and lock-up restrictions. Nikola's common stock is traded on the Nasdaq Global Select Market under the symbol 'NKLA'. Additionally, on March 13, 2024, Nikola's Audit Committee appointed Grant Thornton LLP as its new independent registered public accounting firm, replacing Ernst & Young LLP (EY). The...Show More