Summary by Futu AI
Nikola Corporation has issued a definitive proxy statement to its stockholders, urging them to vote on critical proposals ahead of the upcoming Annual Meeting of Stockholders. The company has emphasized the importance of each stockholder's vote in a series of social media posts and emails, highlighting the need for a reverse stock split to maintain its Nasdaq listing by ensuring the stock trades above the one-dollar threshold. Nikola's leadership has communicated the reverse split as essential to attract more investors and improve marketability. The company, known for its commitment to zero-emissions technology, has called on its stockholders to support its mission by voting in favor of the proposals. Stockholders who were on record as of April 19, 2024, are eligible to vote, even if they no longer hold the shares. The deadline for voting is set for June 4, 2024, at 11:59 p.m. Eastern Time. Nikola's management has expressed confidence in the company's direction and the support of its stockholders in achieving a sustainable future.