Nikola has become Tesla’s newest automotive rival – for stock-market excess, writes AntonyMCurrie.
Electric- and hydrogen fuel cell-vehicle maker Nikola on June 15 indicated that existing shareholders may sell up to 54 million shares in a secondary offering.
Up to 24 million shares could also be sold to cover any public and private warrants that are exercised. These were granted when VectoIQ, the special-purpose acquisition company that merged with Nikola earlier this month, went public.
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