On its fourth try, Nikola Corp. finally collected enough votes to increase its pool of authorized shares, critical to raising money to scale the electric truck and hydrogen business.
About two of three votes cast — more than 211 million shares — were voted in favor of the proposal to increase the number of authorized shares to 800 million from 600 million, Nikola said late Monday.
“We’re excited about the strong momentum we have generated heading into this critical period as we move forward on...
https://www.freightwaves.com/news/nikola-finally-gets-the-votes-to-pass-its-share-proposal