On August 19, 2024, Nikola Corporation announced the entry into a Securities Purchase Agreement for the sale of up to $160 million in senior convertible notes, with an initial closing of $80 million expected on the same date. The notes are convertible into common stock, subject to conditions and limitations. This offering is part of a shelf registration statement effective since April 14, 2022. The proceeds, estimated at approximately $74.3 million net, will be used for general corporate purposes. Concurrently, Nikola terminated a prior purchase agreement from August 21, 2023. The company's common stock is listed on the Nasdaq Global Select Market under the symbol 'NKLA', with a closing price of $8.13 as of August 16, 2024. The announcement also includes details on the terms of the notes, including interest rates, conversion prices, and beneficial ownership limitations, as well as the company's covenants and the conditions under which the notes can be converted or redeemed.

On August 19, 2024, Nikola Corporation announced the entry into a Securities Purchase Agreement for the sale of up to $160 million in senior convertible notes, with an initial closing of $80 million expected on the same date. The notes are convertible into common stock, subject to conditions and limitations. This offering is part of a shelf registration statement effective since April 14, 2022. The proceeds, estimated at approximately $74.3 million net, will be used for general corporate purposes. Concurrently, Nikola terminated a prior purchase agreement from August 21, 2023. The company's common stock is listed on the Nasdaq Global Select Market under the symbol 'NKLA', with a closing price of $8.13 as of August 16, 2024. The announcement also includes details on the terms of the notes, including interest rates, conversion prices, and beneficial ownership limitations, as well as the company's covenants and the conditions under which the notes can be converted or redeemed.