Nikola Corporation, a leader in zero-emissions transportation, has announced a series of strategic initiatives aimed at reinforcing its market position and financial stability. The company has made considerable progress in commercial and operational initiatives, reaching new levels of customer demand for its battery-electric and hydrogen fuel cell electric trucks. Nikola has also opened its first hydrogen refueling station in Southern California and plans to develop a hydrogen highway with multiple refueling solutions by the end of 2024. The company's 2024 Proxy Statement outlines a proposed reverse stock split and authorized share reduction to maintain NASDAQ listing requirements and attract a broader investor base. Additionally, the Proxy Statement includes proposals for the approval of executive compensation, the ratification of a...Show More

Nikola Corporation, a leader in zero-emissions transportation, has announced a series of strategic initiatives aimed at reinforcing its market position and financial stability. The company has made considerable progress in commercial and operational initiatives, reaching new levels of customer demand for its battery-electric and hydrogen fuel cell electric trucks. Nikola has also opened its first hydrogen refueling station in Southern California and plans to develop a hydrogen highway with multiple refueling solutions by the end of 2024. The company's 2024 Proxy Statement outlines a proposed reverse stock split and authorized share reduction to maintain NASDAQ listing requirements and attract a broader investor base. Additionally, the Proxy Statement includes proposals for the approval of executive compensation, the ratification of a new independent public accounting firm, Grant Thornton LLP, and an amendment to increase the number of shares available for issuance under the 2020 Stock Incentive Plan. The company's board and management have undergone transitions, with Stephen Girsky appointed as President and CEO, and several key leadership roles filled to strengthen the management team. Nikola's 2024 Annual Meeting of Stockholders is set to vote on these proposals, which are aimed at positioning the company for revenue growth and profitability.