Summary by Futu AI
Nikola Corporation, listed on the Nasdaq Global Select Market under the symbol 'NKLA', has filed a prospectus supplement on August 19, 2024, to update and supplement information related to the sale of up to 249,843,711 shares of common stock. This filing includes a current report on Form 8-K, detailing the entry into a Securities Purchase Agreement for the sale of up to $160 million in senior convertible notes, convertible into common stock, with an initial closing expected on the same date for $80 million in notes. The offering is made under an existing shelf registration statement and involves a series of senior unsecured notes with a 5.0% interest rate, increasing to 12.5% upon default, maturing one year from issuance. The notes are convertible into common stock at...Show More