Nikola Corporation has filed Prospectus Supplement No. 87, updating its previous prospectus dated July 27, 2020, with the Securities and Exchange Commission (SEC) on March 18, 2024. This filing pertains 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 from a private placement and affiliates of the company. The shares are being registered for resale based on registration rights under an agreement that also imposes certain transfer and lock-up restrictions. Nikola's common stock is traded on the Nasdaq Global Select Market under the symbol 'NKLA'. Additionally, on March 13, 2024, Nikola's Audit Committee appointed Grant Thornton LLP as its new independent registered public accounting firm, replacing Ernst & Young LLP (EY). The...Show More

Nikola Corporation has filed Prospectus Supplement No. 87, updating its previous prospectus dated July 27, 2020, with the Securities and Exchange Commission (SEC) on March 18, 2024. This filing pertains 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 from a private placement and affiliates of the company. The shares are being registered for resale based on registration rights under an agreement that also imposes certain transfer and lock-up restrictions. Nikola's common stock is traded on the Nasdaq Global Select Market under the symbol 'NKLA'. Additionally, on March 13, 2024, Nikola's Audit Committee appointed Grant Thornton LLP as its new independent registered public accounting firm, replacing Ernst & Young LLP (EY). The change follows a period with no disagreements on accounting principles or practices between Nikola and EY, although material weaknesses in internal control over financial reporting were identified and discussed. Nikola has since remediated one of the material weaknesses and is working on the other. The company's stock closed at $0.6438 on March 15, 2024.