On October 31, 2024, Nikola Corporation entered into an amended and restated equity distribution agreement with Citigroup Global Markets Inc. The agreement allows Nikola to sell common stock shares up to the value of $237,591,694, which is the remaining portion of a previously authorized $600 million offering. The shares will be sold on an 'at-the-market' basis, with Citigroup acting as the sales agent and receiving a 2.5% commission on gross proceeds. The sales are pursuant to Nikola's shelf registration statement, which was declared effective by the SEC on August 28, 2024. The agreement includes customary indemnification rights for the sales agent and can be terminated by either party at any time without liability. The details of the agreement were filed with the SEC and are included in the company's Form 8-K report.

On October 31, 2024, Nikola Corporation entered into an amended and restated equity distribution agreement with Citigroup Global Markets Inc. The agreement allows Nikola to sell common stock shares up to the value of $237,591,694, which is the remaining portion of a previously authorized $600 million offering. The shares will be sold on an 'at-the-market' basis, with Citigroup acting as the sales agent and receiving a 2.5% commission on gross proceeds. The sales are pursuant to Nikola's shelf registration statement, which was declared effective by the SEC on August 28, 2024. The agreement includes customary indemnification rights for the sales agent and can be terminated by either party at any time without liability. The details of the agreement were filed with the SEC and are included in the company's Form 8-K report.