Workhorse Group stockholders approved a proposal to more than double the number of authorized shares, one of few paths to new capital.
Workhorse Group fell short in its first try to get shareholders to more than double the number of outstanding shares in the electric step van maker.
Workhorse Group claims business progress, but it needs approval for new shares to raise capital to make electric trucks and drones.
Asset sales in Q2 helped Nikola add cash to its balance sheet, but losses widened as ramp-up of fuel cell trucks consumed cash.
Years before it ever built a fuel cell truck, Nikola claimed it had 14,000 reservations. But 202 orders is a good sign nonetheless.
J.B. Hunt Transport is helping Nikola reduce its inventory of battery-electric trucks and adding to the order bank for fuel cell models.
Nikola won’t need any more shareholders to vote for a share count increase because a Delaware rule change lowers the threshold.
Nikola is still short of votes to double its outstanding shares, but Delaware’s governor can give the company what shareholders have not.
Less than a year after purchasing Romeo Power to secure its battery supply, Nikola is liquidating the subsidiary.
Nikola Corp. is laying off 270 employees as its cash condition worsens and company founder Trevor Milton takes shots at leadership.
The outcome of Nikola’s bid to double the number of authorized shares in the company could determine its ability to survive.
Once the flywheel that is electric trucks gets spinning, there will be no slowing it down. But as former college football coach Lee Corso is fond of saying on ESPN […]
Proxy hunters bagged enough votes to give electric truck maker Nikola the financial flexibility it had been seeking since June.
Unsure that financially struggling Romeo Power could keep supplying batteries for its electric trucks, Nikola is buying the company.
A proof-of-concept step van with four-wheel steering by wire and 57% better aerodynamics could revolutionize the segment
Nikola’s could keep adjourning its annual meeting as it pursues unvoted proxies to raise the number of authorized shares.
Nikola will try for a fourth time to win a proxy fight with indicted founder Trevor Milton as the electric truck maker fell short of votes again.
Trevor Milton is angling to use privileged conversations at the electric truck maker in his criminal defense, but Nikola is fighting back.
Nikola will keep trying to pass a proposal to increase the number of authorized shares by pressing company stock owners to vote their proxies..
Nikola founder Trevor Milton will be tried in September rather than July after a new fraud charge led to a plea for more time.
Nikola has put wheels in motion to sell up to $1.2 billion in new stock to keep scaling its electric truck and hydrogen businesses.
