Written by Cláudio Afonso | LinkedIn | X
At the beginning of the year, Norges Bank — Norway’s central bank and Nikola‘s largest institutional shareholder — held a 9.25% stake in the electric and hydrogen truck maker.
However, by September 30, Norges Bank’s stake in Nikola decreased to 7.01%, a new SEC filing showed.
| File Date | Effective Date | Previous Shares | Latest Shares | Shares Change | Ownership | Ownership Change |
| 2024-10-10 | Q3 2024 | 107,033,812 | 3,545,693* | -96.69%* | 7.01% | -24.13% |
| 2024-01-26 | Q4 2023 | 33,581,371 | 107,033,812 | 218.73% | 9.25% | 31.95% |
| 2023-02-14 | Q4 2022 | 20,879,125 | 33,581,371 | 60.84% | 7.01% | 38.81% |
| 2022-03-10 | Q4 2021 | – | 20,879,125 | – | 5.05% | – |
In June, Nikola executed a 1-for-30 reverse stock split to regain compliance with Nasdaq listing requirements, as its shares were trading at approximately $0.45 at the time.
As of the end of the third quarter, Norway’s central bank held more than 3.54 million shares — equivalent to about 1.06 million shares prior to the reverse stock split.
Following the measure, Nikola’s authorized shares of common stock were reduced from 1.6 billion to 1 billion.
Despite the reverse split, the stock continued to decline, reaching a new low of $3.72 earlier this month—equivalent to about $0.124 pre-split— amid the company’s announcement of a fresh round of layoffs.
This reduction in workforce comes less than 18 months after Nikola previously cut 23% of its Arizona-based employees.
In the third quarter of the year, Nikola sold 88 fuel cell trucks, a new record that sent year to date sales figures to 200 units.
Last week, DHL Supply Chain and the drinks firm Diageo announced plans to add two fuel cell electric trucks (FCEV) from Nikola to their fleet in the United States.
Written by Cláudio Afonso | LinkedIn | X
