Nikola Corp. (NASDAQ: NKLA) will sell up to $300 million in new shares to investment banker Tumim Stone Capital, bypassing a public offering for new money to keep electric truck and hydrogen fueling station production on track.
Nikola filed an S-1 in May with the Securities and Exchange Commission declaring its intent to sell at least $100 million in new shares on top of the 396 million outstanding.
In an 8-K filing with the SEC last Friday, Nikola said it issued 155,703 new shares that Tumim...
https://www.freightwaves.com/news/nikola-goes-private-to-raise-up-to-300m-in-new-money