Nikola Corporation, an innovator in zero-emissions transportation and energy infrastructure solutions, has announced a prospectus supplement for the issuance and sale of common stock with an aggregate offering price of up to $95,000,000. This offering is made pursuant to an equity distribution agreement with Citigroup Global Markets Inc., acting as the sales agent. The offering will be conducted through an 'at the market offering,' allowing shares to be sold from time to time at prevailing market prices. The net proceeds from the sale will be used for working capital and general corporate purposes, which may include acquisitions or investments in complementary businesses or technologies. The sales of common stock will be made in accordance with the terms of a Second...Show More

Nikola Corporation, an innovator in zero-emissions transportation and energy infrastructure solutions, has announced a prospectus supplement for the issuance and sale of common stock with an aggregate offering price of up to $95,000,000. This offering is made pursuant to an equity distribution agreement with Citigroup Global Markets Inc., acting as the sales agent. The offering will be conducted through an 'at the market offering,' allowing shares to be sold from time to time at prevailing market prices. The net proceeds from the sale will be used for working capital and general corporate purposes, which may include acquisitions or investments in complementary businesses or technologies. The sales of common stock will be made in accordance with the terms of a Second Amended and Restated Equity Distribution Agreement dated May 7, 2024. The compensation for the sales agent is set at a fixed commission rate of 2.5% of the gross offering proceeds. Nikola's common stock is listed on the Nasdaq Global Select Market under the symbol 'NKLA.' The announcement of this prospectus supplement supersedes information contained in prior prospectus supplements dated August 30, 2022, August 4, 2023, and December 6, 2023.