Nikola corporation announces proposed offerings of common stock and convertible senior notes

Phoenix , dec. 6, 2023 /prnewswire/ -- nikola corporation (nasdaq: nkla) today announced its intention to offer, subject to market and other conditions, $100,000,000 of common stock and $200,000,000 aggregate principal amount of green convertible senior notes due 2026 (the "notes") in separate public offerings registered under the securities act of 1933, as amended. nikola also expects to grant the underwriters of the common stock offering a 30-day option to purchase up to an additional $15,000,000 of common stock to cover over-allotments, and expects to grant the underwriters of the notes offering an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $30,000,000 principal amount of notes to cover over-allotments.
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