Summary by Moomoo AI
Nikola Corporation has filed a prospectus supplement on July 10, 2024, to update and supplement information from its previous prospectus dated July 17, 2020. The supplement, filed with the SEC, includes the company's current report on Form 8-K and relates to the issuance of up to 23,890,000 shares of common stock. These shares are comprised of those issuable upon the exercise of warrants from a private placement linked to VectoIQ's IPO and additional shares from public warrants. Furthermore, the supplement covers the potential sale of up to 53,390,000 shares of common stock by selling securityholders, which includes shares that may be issued upon the exercise of private warrants. Nikola's common stock is traded on the Nasdaq Global Select Market under the ticker 'NKLA'. Additionally, the company has regained compliance with Nasdaq's minimum bid price requirement as the closing bid price of its common stock has been at or above $1.00 per share from June 25, 2024, to July 10, 2024.
