Summary by Moomoo AI
Nikola Corporation, a leader in zero-emissions transportation solutions, has announced a series of strategic corporate actions to strengthen its financial foundation and enhance stockholder value. The company has proposed a reverse stock split and a reduction in the number of authorized shares of common stock. The reverse stock split, ranging from 1-for-10 to 1-for-30 shares, aims to increase the per-share trading price to comply with Nasdaq's minimum bid price requirement and attract a broader investor base. Concurrently, the authorized shares of common stock will be reduced from 1.6 billion to 1 billion. These measures are subject to stockholder approval at the upcoming annual meeting. Additionally, Nikola has appointed Grant Thornton LLP as its new independent registered public accounting firm...Show More