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Nikola still lacks votes for stock-issue plan opposed by founder Trevor Milton

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CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019.

Massimo Pinca | Reuters

Electric truck maker Nikola once again fell short of winning shareholder approval to raise new funds, the company said Monday. The measure has so far been blocked by the company’s since-departed founder.  

In a brief webcast Monday, Chairman Steven Girsky said that while the vote on the proposal to issue new shares is closer than it was a few weeks ago, the tally is still shy of the 50% of outstanding shares needed to pass. The meeting is adjourned…



Source cnbc.com

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