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 17, 2020, and is related to the issuance of up to 53,390,000 shares of common stock, including up to 23,890,000 shares issuable upon the exercise of warrants. The shares are listed on the Nasdaq Global Select Market under the symbol 'NKLA'. The prospectus supplement is filed to update and supplement information with the contents of a current report on Form 8-K, also filed on May 7, 2024. The offering includes shares issuable upon the exercise of warrants originally issued in connection with VectoIQ's initial public offering. The closing price of Nikola's common stock...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 17, 2020, and is related to the issuance of up to 53,390,000 shares of common stock, including up to 23,890,000 shares issuable upon the exercise of warrants. The shares are listed on the Nasdaq Global Select Market under the symbol 'NKLA'. The prospectus supplement is filed to update and supplement information with the contents of a current report on Form 8-K, also filed on May 7, 2024. The offering includes shares issuable upon the exercise of warrants originally issued in connection with VectoIQ's initial public offering. The closing price of Nikola's common stock on May 6, 2024, was $0.6374. The company has amended and restated its existing equity distribution agreement with Citigroup Global Markets Inc., allowing for the sale of shares of common stock with an offering price of up to $311,698,443. This reflects the unused portion of the previously authorized aggregate offering amount of $600,000,000. The shares will be sold pursuant to the company's shelf registration statement on Form S-3, declared effective by the SEC on April 14, 2022, and the related prospectus dated April 14, 2022, as supplemented by the prospectus supplement dated May 7, 2024.