NKLA - Nikola dips amid pricing stock offerings to raise $100M
2023-03-31 05:31:14 ET
- Nikola ( NASDAQ: NKLA ) priced a public offering and concurrent registered direct offering at $1.12 per share to raise ~$100M in gross proceeds.
- The company will sell ~29.91M common shares to the public in the public offering and ~59.37M shares to an investor in the registered direct offering under a forward stock purchase agreement.
- Nikola has granted the underwriter a 30-day option to buy up to an additional ~4.48M shares at the public offering price.
- The company expects to use the net proceeds for working capital and other general corporate purposes.
- The public offering is expected to close around April 4, while the registered direct offering is anticipated to close around April 11.
- NKLA -5.71% to $1.32 premarket March 31
For further details see:
Nikola dips amid pricing stock offerings to raise $100M