Nikola Corporation has announced a prospectus supplement on June 20, 2024, to update and supplement information from its previous prospectus dated July 27, 2020. The supplement includes details from a current report filed with the SEC on the same date. It pertains to the resale of up to 249,843,711 shares of common stock by selling securityholders, which encompasses shares held by original holders from private placements and shares held by certain 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. Additionally, Nikola's common stock is listed on the Nasdaq Global Select Market under the symbol 'NKLA'. In a related event, Nikola's stockholders approved a reverse...Show More

Nikola Corporation has announced a prospectus supplement on June 20, 2024, to update and supplement information from its previous prospectus dated July 27, 2020. The supplement includes details from a current report filed with the SEC on the same date. It pertains to the resale of up to 249,843,711 shares of common stock by selling securityholders, which encompasses shares held by original holders from private placements and shares held by certain 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. Additionally, Nikola's common stock is listed on the Nasdaq Global Select Market under the symbol 'NKLA'. In a related event, Nikola's stockholders approved a reverse stock split at the annual meeting on June 5, 2024, which was subsequently set at a 1-for-30 ratio by the Board on June 13, 2024. The reverse stock split will be effective on June 24, 2024, at 4:01 p.m. Eastern Time, with the common stock trading on a split-adjusted basis starting June 25, 2024. The split will result in every thirty issued shares of common stock being reclassified into one issued share, with no fractional shares being issued. Adjustments will be made to outstanding equity awards, warrants, equity incentive plans, and convertible notes. The number of authorized shares of common stock will also be reduced from 1,600,000,000 to 1,000,000,000. The reverse stock split will not alter any stockholder's percentage ownership interest in the company, except for changes due to fractional shares. Continental Stock Transfer & Trust Company is the exchange agent for the reverse stock split.