Nikola Corp

Profit-taking early investors hammer Nikola stock price

Nikola executive chair with Budweiser Clydesdales

High-flying Nikola Corp. (NASDAQ: NKLA) came back to earth Thursday as early investors in the electric truck startup sold discounted shares at a handsome profit.

With lockup provisions lifted, investors in a private investment in public equity (PIPE) with VectoIQ were allowed to sell most of the 53.3 million shares purchased for $10 each before the special purpose acquisition company (SPAC) became Nikola in a reverse merger on June 2.

Nikola shares closed down 13.22% at $57.69 Thursday as PIPE...

https://s29755.pcdn.co/news/profit-taking-early-investors-hammer-nikola-stock-price

Seven questions with high-flying Hyliion’s CEO

Hyliion CEO Thomas Healy

At 28, Thomas Healy is on his third startup company, Already named one of Forbes “30 Under 30” — three years ago — the Carnegie Mellon University graduate holds dual bachelor’s degrees in mechanical engineering and engineering and public policy.

As CEO of Hyliion Inc. Healy raised $52 million for his Class 8 Hypertruck ERX hybrid powertrain, which uses a renewable natural gas generator to charge an onboard electric motor that emits net negative planet-warming greenhouse gas emissions.

Hyliion CEO...

https://s29755.pcdn.co/news/seven-questions-with-high-flying-hyliions-ceo

Hyliion takes reverse merger path to public trading

Hyliion hybrid tractor

Hyliion Inc., a startup maker of diesel-electric truck components, expects to begin publicly trading its stock around the end of the third quarter following a merger with a “blank check” company created specifically to find a marriage partner with high-growth potential.

The path is practically identical to one followed by startup electric truck manufacturer Nikola Corp., which went public on June 4. 

Tortoise Acquisition Corp. (NYSE: SHLL) was formed 15 months ago as a special purpose acquisition...

https://s29755.pcdn.co/news/hyliion-takes-reverse-merger-path-to-public-trading

Nikola’s Milton scraps with startup’s media critics

Trevor Milton

Trevor Milton is fighting mad.

For the second time in three months, the founder and executive chairman of Nikola Corp. (NASDAQ: NKLA) is blasting a national media outlet over its reporting on him and his newly public electric truck startup. 

The latest incident boiled over Wednesday evening when Milton accused a Bloomberg business news reporter on Twitter of lying about details of a Nikola prototype unveiled in 2016.

In a letter signed by Nikola Chief Legal Officer Britton Worthen, Nikoka...

https://s29755.pcdn.co/news/nikolas-milton-scraps-with-startups-media-critics

+ More