Get the latest tech news
Troubled electric truckmaker Nikola offers up to $100 million in common stock
Nikola Corp., a producer of battery and hydrogen-electric trucks, has taken several steps to repay its debts and raise equity, including offering up to
Nikola Corp., a producer of battery and hydrogen-electric trucks, has taken several steps to repay its debts and raise equity, including offering up to$100 million in a common stock sale. The drama has damaged the company’s reputation, which has led to a loss of investor confidence, financial troubles, and increased scrutiny of its operations. Nikola’s filings with the Securities and Exchange Commission Monday show a company that is trying to strengthen its financial position, but in doing so will likely dilute existing shareholders.
Or read this on TechCrunch
