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Nikola wants to increase shares by 200 million

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San Pedro, CA – December 17: The first two zero-emissions electric trucks, from an order of 100 vehicles, delivered from the Nikola Corporation to Total Transportation Services at the Port of Los Angeles in San Pedro on Friday, December 17, 2021.

Brittany Murray | MediaNews Group | Getty Images

DETROIT – Nikola Corp. will ask for shareholder approval to further dilute the company’s stock by adding 200 million new shares to raise capital as it scales production of its first electric semitruck.

The company said the increase – from 600 million to 800 million shares – is in the “best interests” of the company and its shareholders, according to Nikola’s proxy statement filed Friday to the…



Source cnbc.com

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