Nikola Corporation, an innovative designer and manufacturer of electric vehicles, has filed a prospectus supplement with the Securities and Exchange Commission (SEC) on May 7, 2024. This filing supplements the prospectus dated July 27, 2020, and is related to the registration statement on Form S-1 (No. 333-239940). The supplement includes the company's current report on Form 8-K and is intended to update and supplement information in the original prospectus with recent developments. The prospectus and supplement detail the offer and sale of up to 249,843,711 shares of common stock by selling securityholders, including affiliates of the company and original holders who purchased shares in a private placement. Nikola Corporation has registered these shares for resale based on registration rights under a Registration Rights and Lock...Show More

Nikola Corporation, an innovative designer and manufacturer of electric vehicles, has filed a prospectus supplement with the Securities and Exchange Commission (SEC) on May 7, 2024. This filing supplements the prospectus dated July 27, 2020, and is related to the registration statement on Form S-1 (No. 333-239940). The supplement includes the company's current report on Form 8-K and is intended to update and supplement information in the original prospectus with recent developments. The prospectus and supplement detail the offer and sale of up to 249,843,711 shares of common stock by selling securityholders, including affiliates of the company and original holders who purchased shares in a private placement. Nikola Corporation has registered these shares for resale based on registration rights under a Registration Rights and Lock-Up Agreement, which also imposes certain transfer and lock-up restrictions. The common stock is listed on the Nasdaq Global Select Market under the symbol 'NKLA', with a closing price of $0.6374 as of May 6, 2024. Additionally, Nikola Corporation has amended and restated its existing Amended and Restated Equity Distribution Agreement with Citigroup Global Markets Inc. to update references to its independent registered public accounting firm. This allows the company to sell shares of common stock from time to time, with an offering price of up to $311,698,443, reflecting the unused portion of the previously authorized aggregate offering amount. The shares will be sold pursuant to the company's shelf registration statement on Form S-3, which was declared effective by the SEC on April 14, 2022, and includes a prospectus dated the same day, supplemented by the prospectus supplement dated May 7, 2024.