NKLA - Nikola files to sell 43.23M shares for holders
- Nikola ( NASDAQ: NKLA ) has filed for an offering of up to 43,229,689 shares of its common stock by selling stockholders.
- The shares being offered comprise up to 29,717,680 shares issuable upon conversion of 8.00% / 11.00% Convertible Senior PIK Toggle Notes due 2026 and up to 13,512,009 shares underlying the maximum principal amount of Notes potentially issuable as PIK interest payments on the notes.
- All shares being offered are being sold by the selling stockholders.
- The company will not receive any of the proceeds from the sale.
- Nikola shares are up 1% in extended trading
- Take a look at the firm's Q3 results
For further details see:
Nikola files to sell 43.23M shares for holders