Credit: Nikola

Nikola is now less than 1 million shares away from the 200M shares dilution approval

Written by Cláudio Afonso | | LinkedIn | Twitter

Nikola said Tuesday that is less than 0.25% of the outstanding shares for the approval of its proposal to increase the authorized number of shares from 600 million to 800 million. The approval will provide the company “greater flexibility to support the future growth of the business and advance its vision of clean and sustainable commercial transportation.” the company said.

To get the approval, Nikola needs now less than 1 million shares until next Monday, 11:59 pm (EST) on August 1.

“Thanks to the continued support from stockholders, Nikola is getting closer to securing the vote necessary to pass Proposal 2. As of July 26, more than 49.75% of all outstanding shares have been voted in favor of Proposal 2. This means Nikola is less than 0.25%, or less than 1 million shares, short of securing the votes required to approve this important proposal. Don’t wait – vote FOR Proposal 2 today!”, the company said.

Nikola will report its Q2 2022 financial results on August 4 followed by a conference call and webcast at 9:30 a.m. ET with the management team. The company announced a Q&A platform to allow verified retail and institutional investors to submit and upvote questions that will be answered by the management.

Recently, the company unveiled that its Nikola Tre battery-electric vehicle is eligible for the New York Truck Voucher Incentive Program (NYTVIP) giving the purchasers the option for an incentive valued at up to $185,000 per truck, with a scrappage requirement. Nikola Tre BEV is expected to have the longest range among the current HVIP and NYTVIP eligible zero-emission Class 8 tractors.  

The program provides vouchers, or discounts, to fleets across New York State that purchase or lease medium- and heavy-duty zero-emission battery electric vehicles (BEV). Administered by the New York State Energy Research and Development Authority (NYSERDA), NYTVIP helps make it easier for fleets to adopt zero-emission vehicle technologies by significantly reducing upfront costs.

Written by Cláudio Afonso | | LinkedIn | Twitter