Summary by Futu AI
Nikola Corporation has filed Prospectus Supplement No. 90 to update and supplement information in its previous prospectus dated July 27, 2020. This filing is related 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 and affiliates of the company, with registration rights under a Registration Rights and Lock-Up Agreement. The update was filed alongside a current report on Form 8-K with the SEC on June 6, 2024. Nikola's common stock is traded on the Nasdaq Global Select Market under the symbol 'NKLA'. The company also held its 2024 annual meeting on June 5, where several proposals were voted upon, including the election of directors, approval of a reverse stock split, a reduction in the number of authorized shares, an increase in shares available under the stock incentive plan, and the approval of executive compensation. Additionally, the appointment of Grant Thornton LLP as the independent registered public accounting firm for the year ending December 31, 2024, was ratified.