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Nikola Corporation

Nikola Corporation (NKLA)

Closed April 20 4:00PM
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Key stats and details

Current Price
0.6401 Day's Range 0.6799
0.521 52 Week Range 3.71
Market Cap
Previous Close
Last Trade Time
Financial Volume
$ 34,826,003
Average Volume (3m)
Shares Outstanding
Dividend Yield
PE Ratio
Earnings Per Share (EPS)
Net Profit

About Nikola Corporation

Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure. Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.

Blank Checks
Motor Vehicles & Car Bodies
Wilmington, Delaware, USA
Nikola Corporation is listed in the Blank Checks sector of the NASDAQ with ticker NKLA. The last closing price for Nikola was $0.66. Over the last year, Nikola shares have traded in a share price range of $ 0.521 to $ 3.71.

Nikola currently has 1,335,615,165 shares outstanding. The market capitalization of Nikola is $854.79 million. Nikola has a price to earnings ratio (PE ratio) of -0.88.

Nikola (NKLA) Options Flow Summary

Overall Flow


Net Premium


Calls / Puts


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Sweeps Ratio


NKLA Latest News

M&M Residual and Trevor R. Milton Announce Concerns Related to Potential Fraud and Misconduct at Nikola Overseen by Steve Girsky, Britton Worthen and the Board of Directors

 M&M Residual Withdraws its Nomination of Directors Amid Recently Uncovered Potential Misconduct M&M Residual and Mr. Milton Reserve All Rights, Including Pursuing Potential Legal Action...

Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates

Apple (NASDAQ:AAPL) – Apple is laying off 614 employees in Silicon Valley after ending its secret autonomous electric vehicle project. These are the first significant job cuts since the...




NIKOLA PRODUCES 43, WHOLESALES 40 HYDROGEN FUEL CELL ELECTRIC TRUCKS FOR U.S. CUSTOMERS IN Q1 2024 PR Newswire PHOENIX, April 4, 2024 PHOENIX, April 4, 2024 /PRNewswire/ -- It was a productive Q1...


NIKOLA CELEBRATES GRAND OPENING OF FIRST HYLA REFUELING STATION IN SOUTHERN CALIFORNIA PR Newswire PHOENIX, March 21, 2024 Ontario-based station marks a significant step forward in establishing...



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NKLA Discussion

View Posts
cabel cabel 11 hours ago
Donotunderstand Donotunderstand 20 hours ago
3 or 4 years out?
WeTheMarket WeTheMarket 23 hours ago
NKLA Stock - Nikola WHY IS T DOWN? - Martyn Lucas Investor

Martyn Lucas Investor
22.2K subscribers
Posted Apr 15, 2024

👍️ 1
WeTheMarket WeTheMarket 24 hours ago
This Startup With A Better Way To Fuel Hydrogen Trucks Snags Its First

Business News
10.2K subscribers
Posted Apr 18, 2024

Verne, a San Francisco startup that’s developing a cheaper, lighter tank and fueling system to help hydrogen semis match the driving range and hauling ability of dirty diesel big rigs, notched its first substantial funding from private investors to commercialize the technology. If it works as tested, heavy-duty hydrogen vehicles could become an attractive option for emission-free trucking. CEO Ted McKlveen, an alumnus of the Forbes 30 under 30 list, said the new round, the first the company has disclosed, boosts cumulative investment in it to $15.5 million.

He declined to say exactly how much backers including Trucks Venture Capital, Collaborative Fund, Amazon, United Airlines and Newlab put into the round, though Verne had previously raised less than $1 million, mainly in Energy Department grants, according to a PitchBook estimate. The company, named for famed French writer Jules Verne, believes its patented hydrogen tank and lower pressure fueling system – verified in testing with Lawrence Livermore National Laboratory – will allow trucks using it to go as far as diesel models, with no added weight, and fuel up just as fast.

The next step is testing it with “major” truckmakers McKlveen declined to identify.“The goal is to get diesel parity performance – that full 800-plus mile range on your vehicle like you can with diesel and you can carry a full payload like you can with diesel,” he told Forbes. “What unlocks that is a higher density form of storage. So instead of having six high-pressure tanks, you can just have two of our tanks mounted on the frame of the truck between the wheels, right where the diesel tanks go today.”

Its news comes as truckmakers including Volvo, Daimler, Hyundai, Freightliner and Nikola begin rolling out battery- and hydrogen-powered heavy-duty models to help reduce exhaust emissions and greenhouse gasses. Last month, the Environmental Protection Agency unveiled new rules requiring cleaner heavy commercial trucks and buses starting in 2027 as part of broad U. S. efforts to curb carbon emissions. But electric trucks are costlier than diesel models and have some limitations relative to conventional ones. Battery-powered trucks, for example, have extremely heavy, large battery packs that make them thousands of pounds heavier and prevent them from hauling loads of up to 60,000 pounds over distances greater than 300 miles. Recharging them also takes much longer than refueling a diesel truck and requires fleet operators to invest in expensive charging stations and find enough power to operate them.

Hydrogen vehicles aren’t as heavy – typically only about 1,000 pounds more than a diesel truck – and can be fueled in about the same amount of time, though the cost of hydrogen is at least double that of diesel fuel. They can also go farther than battery trucks – Nikola touts a range of up to 500 miles with the hydrogen semi it’s selling in California – but not as far as long-haul diesel models.

INV4 INV4 1 day ago
Don't think they will, but what... and I know it's a very small chance... but what if they decide to cancel the RS?
They back it up with good news, orders, contracts etc... They solve the problems with Trevor R. Milton... then the SP will rise 💤... can someone wake me up... I'm dreaming LOL

All kidding aside... I just hope NKLA 'doesn't screw the SHers' too much, no matter what they decide. IMHO


After that filing, we will have further communications and answer questions regarding the proposed reverse stock split. In the meantime, your feedback and questions are encouraged. Please submit to


👍️ 1
Donotunderstand Donotunderstand 2 days ago
It was sneaky
It was hidden IMO -- in plain sight - but hidden
👍️ 2
Donotunderstand Donotunderstand 2 days ago
kept reading for H
then saw the NKLA truck and remembered the BEV

cool - as it seems the company setting up charging stations - uses the NKLA BEV? (it so appears branded)
👍️ 1
chocolate man chocolate man 3 days ago
Big buying in the April 26 $1.00 call today!
👍️ 1
TheKRA TheKRA 3 days ago
From Nikola's X feed about the RS:

Nikola Corporation recently filed a Preliminary Proxy Statement, which contains a variety of proposals, including a proposal regarding a reverse stock split. We expect to file a Definitive Proxy Statement within the next few weeks. After that filing, we will have further communications and answer questions regarding the proposed reverse stock split. In the meantime, your feedback and questions are encouraged. Please submit to
GoldRu$$H GoldRu$$H 4 days ago
100% on not a good time to buy.

1 - 10 RS would leave 160,000,000; I can live with that.

1 -30 RS would leave 53,333,333, which in my opinion would be a callous indifference to the retail investor. That would be a bail out moment in my book. The shares I own would be reduced to a laughable amount and be devalued for longer that I would care to hold.

Most RS scenarios that I have been exposed to were not profitable and triggered a downward spiral that was to strong to recover from. IF this was an OTC stock with 1B+ shares, I would have kept walking with no temptation to buy. NKLA, being on NASDQ, and having so much institutional support, coupled with the rise of the alternative fuels/green energy sector, gave me some comfort to invest. I do hate the way NKLA brass rolled out this sneaky arse romp.
👍️ 2
ExtremelyBullishZig ExtremelyBullishZig 4 days ago
I meant cannot dilute anymore without the RS because of the current price and wanting to stay on the Nasdaq...not that they can't because of authorization. They need much more money than the current structure allows for...
👍️ 1
WeTheMarket WeTheMarket 4 days ago
HYLA | Network Effect

Nikola Motor Company
43.7K subscribers
Posted Apr 11, 2024

Our commitment to transforming transportation extends beyond delivering trucks. Through our HYLA hydrogen modular fuelers, we're expanding networks, connecting communities, and enhancing customer experiences to simplify the transition to zero-emissions. Join us on the journey to a sustainable future:

WeTheMarket WeTheMarket 4 days ago
Nikola Motors Assembly Plant April 12th, 2024

Steve Dutcher
Posted Apr 12, 2024

I am a share holder of Nikola Motors, that certainly doesn't mean that I am recommending the stock. The stock closed this week of the 12th at $.70/share. The Market value is 996.6 million!
I really hope they get the battery pack situation worked out and they get back on line to sell and lease their semi's trucks, before other companies ramp up their electric trucks. They really should check out QuantumScape, or a company like them, and be the first semi with solid state batteries (faster charging and much longer battery pack life)!

WeTheMarket WeTheMarket 4 days ago
WattEV Electric Truck Charging Stations Ribbon Cutting San Bernardino CA

Posted Apr 15, 2024

WattEV hosted a ribbon cutting on Monday, April 15th, opening their newest Electric Truck Charging Station in the City of San Bernardino.

WattEV’s latest charging depot is grid connected and features (12) dual-cord 360kW chargers with the capability of upgrading to MCS (megawatt rapid charging) upon availability of MCS-capable trucks. The current setup is capable of charging 24 electric trucks simultaneously.

Branded simply as “WattEV,” the depot is located right off the busy Interstate 215 in San Bernardino and will serve heavy-duty electric trucks with routes connecting to the Port of Long Beach, Port of Los Angeles and inland destinations throughout Southern California and the west.

The San Bernardino project is the second of several WattEV electric truck charging depots in the works throughout California. The first, located near Terminal A at the Port of Long Beach, opened in 2023. WattEV is at the nation’s forefront in building freight corridors for medium- and heavy-duty (MHD) electric truck charging.

In addition to the Long Beach and San Bernardino truck charging plazas, WattEV is preparing to open a solar-powered electric truck charging stations in Bakersfield in May, and is in the permitting and development phases for a grid-connected charging depot in California’s City of Blythe on Interstate 10, plus solar-powered charging depots on Interstate 5 in Sacramento, Gustine and Taft.

As well, WattEV is developing truck charging depots along Interstate 5 in Salem, Ore., and near the Seattle-Tacoma ports complex in Washington state, with numerous other sites in planning stages, such as Stockton, the Port of Oakland, Vernon, Gardena, Fontana, Perris, Otay Mesa.

To accelerate the nation’s transition to zero-emission truck transport for shippers and fleet operators, WattEV offers its own transport service for shippers with an innovative electric Truck-as-a-Service (TaaS) model that provides fleets or individuals with access to Class 8 battery-electric trucks, reliable maintenance support, insurance and access to charging across WattEV’s entire network, all at a total cost of operation on par with diesel trucks.

👍️ 2
Donotunderstand Donotunderstand 4 days ago
not time to buy

IMO - not time to sell either
👍️ 3
GoldRu$$H GoldRu$$H 5 days ago
Heavy dilution apparently is in the future for NKLA. Really not happy with how this was rolled out. I'll be observing, and wondering how low this goes.
👍️ 1 🫣 1
Donotunderstand Donotunderstand 5 days ago
I understand what you are suggesting

Which then suggests either they really want say a 5 or 10 dollar stock NOW or want to sneak in the growth in number of shares they can issue - as they see the need for cash

on the other hand - most of those SR EXECS own millions and millions of shares -- as do all types of workers --- and a RS (at least say for a year after it happens?) ---- will knock off 30% of the value of what they own (made up % - and indeed if they invest and produce with the "needed" cash - this winds up in multiple years as good)

why is anyone buying now ? and how low can the PPS go ?
chocolate man chocolate man 5 days ago
FWIW, here's my take on this situation. We were over $1.00 per share with momentum and any additional positive news would have pushed us up to the $1.50 level. Upper management did not want this stock go higher because it would be hard to justify a RS. Consequently they came out with the RS announcement helping to drive the stock down. Unless they announce that they sold 100 trucks on the the May conference call in May, I believe this is dead money for a while.
👍️ 1
Donotunderstand Donotunderstand 5 days ago
is it not 1.6B right now?
Donotunderstand Donotunderstand 5 days ago
Agree it is early and ugly

I do wonder if the LAWYERS said it was a must ---- e.g. if it was discussed as part of a written senior staff meeting agenda

I can see Lawyers forcing this

but it is ugly in its design
ptcgolf ptcgolf 5 days ago
They will need more than 1:5 RS with the way the shorts have attacked this...going to need a higher ratio.

Going to get a whole lot uglier before it gets better if it ever does. At this point someone acquiring Nikola would be the best outcome.

👍️ 1
caranpaul caranpaul 5 days ago
srm4u srm4u 5 days ago
Common Stock Outstanding as of March 15, 2024, Fully Diluted 1,458,777,510
Summary of the 2020 Plan
Shares Subject to Plan:
Upon approval of the Plan Amendment (as subject to stockholder approval of Proposal 2(a)), the total number of shares available for issuance under the 2020 Plan will be 151,742,799 shares, which includes 21,742,799 shares currently available for issuance thereunder.
Donotunderstand Donotunderstand 5 days ago
lost a post

1. I hate the timing. But most of us thought Girsky was good until Friday. The smell - stench - of this PR to me is LEGAL. I would bet the lawyers made NKLA announce as soon as this was discussed at any C Suite type meeting --- it had to go public . It sucks but it may ? have been necessary

2. The new share cap of 1B --- that makes me furious --- ESPECIALLY as they do not announce a suggested RS ratio ---- but they have their new higher authorized share count
👍️ 1
cabel cabel 5 days ago
I would remove the Chairman just for having suggested a RS,.... 5 months before Annual Conference! Great way to keep it under $1.

If we need to do it later then announce the vote just before and do it otherwise keep quiet.

It feels like some sort if manipulation.

I would be tempted to join a class action suit just based on what the chairman announced!

👍️ 1
Donotunderstand Donotunderstand 5 days ago

what does this mean - to you
At the joint venture Bosch Hydrogen Powertrain Systems (Chongqing) Co., Ltd., Scholz learned about the hydrogen powertrain products and fuel cell powertrain solutions, and experienced the assembly of hydrogen fuel cell power modules.

Seriously - they have a joint venture --- COOL --- and it takes a visit to see what THEIR joint venture is producing?

i.e. I love that Bosch is expanding and getting tech and maybe lower cost production ---- but for the love of me - I do not see how a visit to an existing JT VT means anything new??

Donotunderstand Donotunderstand 5 days ago
I would wager - as I am not a securities lawyer - that if they do a 5:1 RS - then their authorized count -- if nothing changes is 320,000,000 - MAX of the new shares

They specifically ASK us to vote yes on 1B shares

Going up from 320MM to 1B is authorizing massive dilution
👍️ 1
Donotunderstand Donotunderstand 5 days ago
It was specifically asked --- 1B NEW SHARES
Donotunderstand Donotunderstand 5 days ago

1. Yes - RS does NOT .... but history of other stocks says - its 5:! odds that the higher price attracts short sellers and boom the higher price is cut by 20-25% before you have time to type a message. RS suck for current holders - but if they need it - they need it. (MY hope is that as fiduciary they are setting things in place SHOULD they need it AND WANT IT)

2. They are setting new total authorized shares at 1B - down from 1.6B. But that is new shares. So in old shares they are asking for permission to issue up to say 5B shares if its a 1:5 RS --- that is crazy and scary and they will then have > 2X the shares available to dilute

So the RS does not dilute - but history of stocks that do that is - figure 20-25% loss within a week - on the new price (THAT would not happen IMO and with history - if they waited and WE got > $!) . Damage acceptable

So the ask for 1B new shares authorized -- wow that sucks. Now - if for example - they issue 300MM more shares and every penny is used to build out a new factory --- that could be good. But if they need say 400M to EXTEND Their NOW expected negative cash flow runway coverage - that sucks
Donotunderstand Donotunderstand 5 days ago
I would prefer 1-for-5, which would leave the AS at approximately 360,000,000, which seems reasonable. Even if after they add 130,000,000 we still have 490,000,000 which is tolerable, as long as there is not continued dilution after adding the other 130M shares.

but the" as long as there is not continued dilution after adding the 130m" ----- see how they set MAX # of shares at 1B

what do you think about future dilution ---- IMO it is a given

the question - 200M (about what I expected with the 1.6 limit ---- or now 500Million which is really 2.5 old
WeTheMarket WeTheMarket 5 days ago
Repost from PLUG board, courtesy of B_B!

German chancellor hails Germany-China hydrogen technology cooperation

CHONGQING, April 14 (Xinhua) -- Federal Chancellor of Germany Olaf Scholz said on Sunday he is impressed by the cooperation between German and Chinese enterprises in the field of hydrogen technology, and Germany is willing to continue to deepen friendly exchanges with China and push bilateral cooperation to a new level.

Scholz on Sunday visited a Sino-German joint venture and a Sino-German cooperative scientific research project on water monitoring, among others, after his arrival earlier the day in Chongqing Municipality to kick off his three-day official visit to China.

At the joint venture Bosch Hydrogen Powertrain Systems (Chongqing) Co., Ltd., Scholz learned about the hydrogen powertrain products and fuel cell powertrain solutions, and experienced the assembly of hydrogen fuel cell power modules.

Scholz said the company's technology progress and the factory construction speed were gratifying.

Scholz is being accompanied by senior representatives of a number of renowned German companies, including Siemens, Bayer, Mercedes-Benz, BMW, and Zeiss.

More than 5,000 German companies are operating in China -- which has been Germany's largest trading partner for many years.
👍️ 3
ExtremelyBullishZig ExtremelyBullishZig 6 days ago
They cannot dilute anymore unless they do a major RS. This allows the stock to be diluted heavily after and still allowing them to stay on the Nasdaq thought the dilution.
👍️ 2
uksausage uksausage 6 days ago
but if the RS goes through without the REDUCTION in A/S count they could issue 1.44BN shares.

RS does not affect the Authorized count unless specifically stated - which is what NKLA are doing.

Given they arent being forced to R/S from a share availability point of view they just want their SP to be over $5

IMHO they wont do a RS as the next quarter results and forecasts should be sufficient to get the SP back to around $3 and hen over $5 after Q2 results

But they have to go to the annual meeting to ask just incase they do. it is extremely expensive to do it at another time of year.
👍️ 3
staynafloat staynafloat 6 days ago
R/S's do not affect the A/S. It only splits the O/S so the company is not asking for authorization to add anything to the A/S but are actually reducing the Authorized Shares on their own from 1.6 Billion to 1.0 Billion. This is a separate step that they are choosing to do.
Please forgive me if I'm misinterpreting your post.,will%20not%20be%20so%20decreased.
👍️ 1
Donotunderstand Donotunderstand 6 days ago

the RS sets us up for damage - but does not in and of itself dilute us ----- just our higher price will be attacked

the 1B share request - at 10:1 sets us up for dilution over and over and over and over - that is the part that is insane

the RS can wait
the new request for a crazy number of new shares should be rejected
This is from a single holder who voted yes on the last double of shares they could sell - knowing they needed that 1/2 Billion dollars to get production up to say 200-300 a year -- AT current factory
👍️ 1
Donotunderstand Donotunderstand 6 days ago
Please read what NKLA wrote

Post the reverse split - they want the capacity to issue 1B shares

Assume a 10:1 RS and its damage - which I guess repairs in a year

But - at 10 to 1 - there are 160MM shares out there and NKLA is asking for authority - with same vote to then issue 840MM more 10:1 shares

They are asking for authority - hidden in the RS news - for massive dilution

Time to vote no on round one - until they get more specific - give us news on Q2 production results - and reduced the potential for dilution from this insane level they are asking for
👍️ 2
INV4 INV4 6 days ago
Ok I get that... but still would rather see them grow more naturally and or with a much more favorable RS (and AS/OS) for the existing shareholders.
They already got the attention and investments of some of the greatest investments 'firms etc' in the world. I get that NKLA probably needs to do something and I understand your post, but still... That doesn't mean I like it or that I'm in favor of what they're likely going to do (if they RS). IMHO

INV4 INV4 6 days ago
Agree GoldRu$$H. I understand the reasoning behind the proposal to RS, but we where are just trading at $1. And it looked more positive for NKLA and still is IMHO, but this is a slap in the face to existing shareholders and I hope the RS will be cancelled, but if that's not possible, in connection with meeting the requirements of NASDAQ, than I hope the RS won't be more than 1-10. (With a more reasonable AS/OS).

(I like your idea of 1-5, but that's not an option they're considering according to RS news.) A few days/weeks ago, I thought we could stay above $1 for a while (and or 'never' to return below $1) to avoid issues with listing on NASDAQ.

GoldRu$$H GoldRu$$H 1 week ago
My comments are based on the understanding that the NKLA AS is 1,600,000,000.

I get the reasoning behind the proposal to R/S, got to stay on NASDQ.

I am not sure if how the R/S will be presented in the proxy vote, I would prefer 1-for-5, which would leave the AS at approximately 360,000,000, which seems reasonable. Even if after they add 130,000,000 we still have 490,000,000 which is tolerable, as long as there is not continued dilution after adding the other 130M shares.

To me 1-for-30 would be egregious and I would be pissed to loose so much value in my share count. I'd be more pissed if more shares are printed after adding 130M.

Nikola seeks to reverse split its shares in a ratio between 1-for-10 and 1-for-30. Does anyone think we are giving options for the R/S? 1-for-30 would give me much pause for continued faith in investing in NKLA.
👍️ 1
moneydreamer moneydreamer 1 week ago
1000% Agreeee never end good RS better be safe than sorry I took my lost and cash out and bought Tgcb extremely low volume and small OS shares good luck y’all
Donotunderstand Donotunderstand 1 week ago
WTF ???
Nikola also seeks to increase the common stock available for issuance under the Nikola Corporation 2020 Stock Incentive Plan by 130 million shares. This proposal cannot be enacted unless the reverse split proposal is approved.

so this move to 1B shares is MORE shares not less - and they are hiding a dilution inside the RS announcement --- although this is what they publicly said per that article?

WeTheMarket WeTheMarket 1 week ago
Fredric, published 23 hours ago.

NKLA Stock: Nikola Chairman Doubles Down on Need for Reverse Stock Split
Nikola seeks a reverse split in order to focus on its business operations
23h ago · By Eddie Pan, InvestorPlace Financial News Writer

- Shareholders will vote on a reverse stock split proposal at Nikola’s (NKLA) upcoming annual meeting.
- Nikola seeks to reverse split its shares in a ratio between 1-for-10 and 1-for-30.
- NKLA stock is currently trading below the pivotal $1 level.
Fredric Fredric 1 week ago
When did theyvday a reverse split is coming. I coukdnt read all that bull they were talking in the last news update
Fredric Fredric 1 week ago
We should see a nice recovery today into next week. Regardless of the attempt to bring it down.

I follow the product, not the people

Hydrogen fuel is master of the future

Smart cities and block chains alike will seek refuge

👍️ 1
Donotunderstand Donotunderstand 1 week ago
I doubt - all of us combined - make up a massive voter bloc - as compared to say the top institutional bank holding company in Europe

But - as one who did vote YES to more shares because the need for more cash was clear ---- here - on the RS - on round one - I plan to vote my shares as NO (even if it is mightily worthless )
👍️ 1
Harbor6460 Harbor6460 1 week ago
.73 again. Lol
Idiot Mayor Idiot Mayor 1 week ago
Agreed. I bailed out immediately. Call me a weak hand but I’ve been through many reverse splits and watched friends go through many others and it’s never once been profitable. Not once. Not even close. Hopefully it goes up for you who decide to stick it out and justify the decision with whatever rose colored logic necessary. This won’t be one I’ll be riding to the graveyard with.

Good luck to those who hold.
👍️ 1
Fredric Fredric 1 week ago
Agreed. He shouldn't be allowed to get away with this.

We the investors should be suing his arse
👍️ 2
srm4u srm4u 1 week ago
remember this?
Nikola clear to increase share count — thanks to Delaware rule change
Wednesday, July 19, 2023
Delaware Gov. John Carney has signed legislation that clears the way for Nikola Corp. to double its number of outstanding shares. That will enable the electric truck maker to sell shares to pay interest on debt and support the launch of its hydrogen-powered fuel cell trucks.

The doubling of authorized shares from 800 million to 1.6 billion twice failed to receive enough shareholder proxies, leading to two adjournments of Nikola’s virtual annual meeting. The next count will take place Aug. 3, but the outcome of the vote is irrelevant.

Before the rule change in the state where Nikola is incorporated, the share increase needed to receive a majority, or about 400 million proxies, equal to 50% plus one of all outstanding shares.
Lower threshold

The new regulation requires only a majority of shares voting on the proposal. Nikola said it already has sufficient votes for the increase by counting that way. It was included in a package of changes that passed in both chambers of the Delaware Legislature.

2023 Amendments to the Delaware General Corporation Law
June 30, 2023
On June 30, 2023, the Delaware House of Representatives adopted amendments to the Delaware General Corporation Law (DGCL) that, among other things, facilitate stock splits, the ratification of defective corporate acts, and the sale of pledged assets. The Delaware Senate approved the amendments on May 16, 2023. If signed into law by Delaware's governor, the amendments, subject to limited exceptions, will be effective August 1, 2023. Below is a summary of the key provisions:
Stock Splits and Changes in the Number of Authorized Shares (DGCL Section 242(d))

Forward Stock Splits – The amendments eliminate the stockholder approval requirement for amendments to a Delaware corporation's certificate of incorporation to affect forward stock splits (i.e., subdivisions of issued shares) and related increases in authorized shares (up to an amount proportionate to the forward stock split), provided that the corporation has only one class of stock outstanding and such class is not divided into series.
Reverse Stock Splits and Changes in the Number of Authorized Shares – The amendments reduce the stockholder vote required to amend the certificate of incorporation to affect a reverse stock split, or to increase or decrease the number of authorized shares of a class (other than in connection with forward stock splits) from a majority of the outstanding shares to a majority of the votes cast. The reduced vote will apply only if the class of stock is listed on a national securities exchange and would continue to meet the listing requirements of the exchange immediately after giving effect to such amendment.

The amendments provide that a corporation's certificate of incorporation may "opt in" to the prior stockholder vote requirements for the above-referenced matters by expressly stating that the stockholder vote otherwise required under DCCL Section 242(b) is required to adopt any amendment to the certificate of incorporation specified in DCCL Section 242(d) or by expressly "opting out" of the provisions of DCCL Section 242(d).
staynafloat staynafloat 1 week ago
I’m waiting also and yes many a stop loss was triggered today. This company has much potential and I’ll be around to see what happens especially with the leadership that is presently here. Have not decided how I will vote yet. There’s plenty of time to see what transpires before the vote.

Best of luck to all of us 🤔

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