Summary by Moomoo AI
Nikola Corporation has filed a definitive proxy statement with the United States Securities and Exchange Commission (SEC), indicating its intention to proceed with a reverse stock split. The action is aimed at maintaining compliance with Nasdaq listing requirements and enhancing the marketability of Nikola's common stock to a wider investor base. The company has engaged Alliance Advisors to assist shareholders with the voting process. Nikola has actively reached out to its shareholders through social media, urging them to vote in favor of the reverse stock split and other proposals ahead of the upcoming deadline. The social media campaign began on May 20, 2024, with subsequent reminders on May 21 and May 22, emphasizing the importance of each shareholder's vote.
