Tumim Stone Capital

Nikola Corp. maintains it can raise capital through equity sales, but its auditor says that’s uncertain, prompting a notice of going concern.

Nikola is raising money to scale its production of electric trucks through sales of new stock and tapping an equity line of credit.

Second $300 million deal with Tumim Stone Capital will cover Nikola’s cash needs as it ramps up electric truck production.

Nikola Corp. agreed to sell Tumim Stone Capital up to $300 million in new shares over the next three years.