Nikola Corporation (NKLA) Quote

But we loose value as the stock falls before the RS. I doubt we will be $1 when it happens.... Most likely going down till it happens,... There's the rub!

If they could call for a RS , do it the next, then announce a slew of great news,... Yes,... But impossible to do.

And what happened to the 5 things Girsky said were more important than a future RS,... What were they and did they accomplish them?

The RS was announced a few weeks after Girsky said this.

they are in fact REDUCING the number of authorized shares(A/S) not issuing any (O/S)

They probably already are over the 1.6BN if you count all the shares promised in convertibles and in stock options to the board/officers

Hence the need to restructure the shares - a reverse split give them opportunity to reduce the authorized shares

they plan these things our months in advance - like they know they next 12 months cash or easily accessible funding on a rolling basis. I am assuming they cash for this year but may have to sell more shares in an ATM to get cash required for 2025. we will hear more at the earnings call.

R/S will not dilute and that is what they have said so far. it will guarantee Nasdaq listing and give access to cash if needed

Exactly it was their plan all along...which means they lied their asses off when saying a Rev Split wasn't in the cards and the share price would take care of itself.

The ownership structure of Nikola (NKLA) stock is a mix of institutional, retail and individual investors.

Approximately 21.81% of the company's stock is owned by Institutional Investors, 5.51% is owned by Insiders and 72.68% is owned by Public Companies and Individual Investors.

https://www.tipranks.com/stocks/nkla/ownership

You are correct (I did not sleep at a Holiday Inn last night).

But after the R/S, Nikola also proposes offering an enormous number of new shares which, I believe, is where the dilution happens. Note they phrase the new shares as a “decrease” from 1.6 billion to “just” 1 billion.

Since our share count will have been considerably reduced, the proposed addition of up to a billion new shares dilutes our portion of the company (and T Milton’s) a lot.

Of course, correct me at any time.

Nikola
37.38% of the stock is owned by institutional investors and hedge funds.

how does a RS - alone - reduce the % of equity Trevor owns?

new shares - as NKLA went from 600MM to 1.3MM or whatever dilute role of TREVOR

but a reverse split of existing shares does not change % ownership e.g. 20:1 - if you had 20 shares and now 1 share - you have same % of the total number of shares - ownership

or do I miss something ?

Perhaps this possible reverse split was to block Trevor Milton from legally attacking Nikola. His shares have now been devalued and he has the risk of having them further massively devalued if a R/S were to occur were he and his group to start legal proceedings.

Notice the timing of his legal attack, the proposal of R/S and his immediate withdrawal of his legal attack.

I will wait till after the RS,.... Again i just wonder if management doesn't have a majority vote how will they convince Institutions to agree with a RS,.... Especially a 1:30 RS!

I believe management knew exactly what they were doing when they announced the reverse split! This stock would be in the $1.50 range if they didn't make that announcement. They needed the stock price to tank so they could get a positive vote. The shorts and naked shorts are in total control of the stock price. If you still believe in this company then keep adding here, the stock will start to move up after the reverse split.

We'll never go up even on good news with the threat of RS before us. They should have known that,... How will they convince all the Institutional investors to vote yes,... Seems to be the vote will not pass!

From Nikol's X page

We attended the grand opening of FirstElement Fuel's hydrogen refueling station, strategically located near the Port of Oakland! The Oakland station’s fast-fill lane is a prime example of the synergies between Nikola’s advanced truck technology as well as FEF’s station capabilities. Learn more about this partnership:

https://nikolamotor.com/nikola-and-firstelement-fuel-forge-10-year-strategic-partnership-to-advance-hydrogen-fueling-infrastructure

We attended the grand opening of FirstElement Fuel's hydrogen refueling station, strategically located near the Port of Oakland! The Oakland station’s fast-fill lane is a prime example of the synergies between Nikola’s advanced truck technology as well as FEF’s station… pic.twitter.com/Kszfic0JMx— Nikola Corporation (@nikolamotor) April 24, 2024

That is where we saw Loblaw ? as it tests out H trucks from NKLA?

Agree
Hard to buy - if the odds are say 3:1 of a reverse split and then say a 20% "market adjustment down"

My guess - but with some reading along the way - is that NKLA management NOW does not own that much of the stock. Think of the 600MM shares or so that came from (?) debt converted to equity etc. I doubt management has even 100MM shares

so - what is the Finnish or ? bank?

Not surprised Bosch is "here"

I thought they make a "part" used by NKLA and Iveco in the current H trucks?

As a follow up to my previous posts, for context, current Nikola FCEV trucks have a hydrogen fuel tank capacity of 70 kg, and range of 500 miles. Thus, if the hydrogen refueling station has a refueling rate capacity of 100 kg H2 in 10 minutes, a next generation Nikola FCEV truck with a larger tank capacity of 100kg, could travel 715 miles and refuel in 10 minutes (conservatively assuming no advancements in fuel cell efficiency).

Recent Linkedin post.
https://www.linkedin.com/posts/jorgwimbert_come-by-our-nikola-booth-next-to-the-mobility-activity-7188684145101885441-7UR_/

Do all the Institutional investors have to be on board to pass the R/S proposal or it can pass simply with the votes of NKLA management shares?

And if it needs the Inst. Investors votes,... Anyone here have any idea where they stand.

I just can't see the price moving up with the RS having come to the foreground.

FirstElement Fuel, World-Leader in Hydrogen Refueling Solutions, Selected as a Top 40 US GreenTech Company by Time Magazine
Apr 22, 2024
https://www.prnewswire.com/news-releases/firstelement-fuel-world-leader-in-hydrogen-refueling-solutions-selected-as-a-top-40-us-greentech-company-by-time-magazine-302122746.html

Relevant excerpt:

FEF's many accomplishments and contributions to the hydrogen refueling space include the design and deployment of the world's first high-capacity HRS capable of refueling 4 vehicles simultaneously; best-in-class performance and availability of HRS; and next month the company will open the world's largest heavy-duty truck HRS with the capability of refueling heavy-duty, medium-duty, and light-duty vehicle classes. The HRS is part of a public and private partnership titled NorCAL ZERO, which was jointly funded by the California Energy Commission (CEC) and the California Air Resources Board (CARB) and is being managed by the Center for Transportation and the Environment (CTE). FEF designed the station with a unique architecture, making it the first station in the world capable of conducting 700 bar, simultaneous, fast fills (i.e., delivering 80 kilograms of hydrogen in under 10 minutes) on up to 200 trucks per day.

Compressor drives for hydrogen filling stations: scalable, robust and compact
Manuela Kessler
22.04.2024
https://www.boschrexroth.com/de/de/unternehmen/presse/produktportfolio-wasserstoff-25088.html

Servo-hydraulic drives for hydrogen compressors and cryogenic pumps increase efficiency and shorten tank cycles

Together with partner companies from the hydrogen economy, Bosch Rexroth has developed a scalable portfolio of servo-hydraulic compressor drives in the power range between 10 and 280 kW. (Image source: Bosch Rexroth AG)
Within the next six years, several thousand hydrogen filling stations are to go into operation worldwide, thus making an important contribution to the decarbonization of the mobility sector. To this end, Bosch Rexroth has developed a scalable portfolio of servo-hydraulic compressor drives in the power range between 10 and 280 kW together with partner companies from the hydrogen economy. A new cryogenic pump, for example, compresses liquid hydrogen directly to 875 bar, enabling the direct refueling of heavy-duty commercial vehicles within a few minutes.

Long service life and start-stop operation, high efficiency with low hydrogen losses and low operating costs: OEMs and operators are looking for solutions that can be implemented quickly and economically for the cost-effective operation of hydrogen filling stations. Based on its decades of experience in electrohydraulics, Bosch Rexroth has developed tailor-made solutions for a cost-effective hydrogen infrastructure together with partner companies.

To achieve this, the company relies on servo-hydraulic drive technology with a continuously adjustable hydrostatic transmission. The robust hydraulics achieve a long service life. Long-stroke, ATEX-certified compressor drive cylinders increase conveying rates through end-position-optimized control. The portfolio covers the power range between 10 and 280 kW and various applications.

New cryogenic pump: 100 kg of hydrogen can be filled up in 10 minutes

Bosch Rexroth is developing the new electrohydraulically driven cryogenic pump in partnership with FirstElement Fuel, the market leader for the commercial operation of hydrogen filling stations in the United States. With a connected load of 280 kW, it compresses liquid hydrogen to 875 bar for the direct refuelling of heavy trucks. The aim is to refuel the vehicles with 100 kg of hydrogen within 10 minutes. Direct refuelling eliminates the need for intermediate storage at petrol stations. The first filling stations will be equipped from 2025.

Bosch Rexroth also offers variants developed in collaboration with partner companies for medium and lower outputs. The 75 kW CytroCore compressor drive can be used for the compression of both liquid and gaseous hydrogen. In the lower power range of 10 kW, a ready-to-connect self-sufficient axle, CytroForce, drives the compressor cylinders. No specific hydraulics know-how is required for either solution.

Standard modules in hardware and software can be finely scaled

For optimum energy efficiency, Bosch Rexroth relies on the so-called positive displacement control. In contrast to throttle control, which is used in most industrial hydraulic systems, position and force control is implemented by means of servo-hydraulic pump control. This control concept reduces energy consumption by approx. 75%. In addition, the compressor drives require less than one square meter of floor space and are much quieter than conventional drive systems. After the one-time parameterization, they are immediately ready for use. They communicate with the control system of the hydrogen filling station via open interfaces. All modules continuously record operating data and thus create the conditions for systematic condition monitoring and predictive maintenance for maximum availability with the digital service CytroConnect.

Bosch Rexroth can configure the standard drives in its portfolio in hardware and software to suit specific applications, thus meeting the requirements of users precisely. The compressor drives simplify the system architecture and operability of hydrogen filling stations and are suitable for both established companies in the hydrogen economy and newcomers.

yes
and I have never - ever - understood the way to make $$ on fuel in this sentence?

Voltera will site, build, own, and operate the strategically located, fit-for-purpose hydrogen refueling stations, and Nikola will supply the hydrogen fuel and provide technical expertise.

Info (from May, 2023) about HYLA and Voltera:

Nikola and Voltera Enter Into a Definitive Strategic Partnership on Hydrogen Station Infrastructure Funding For Up To 50 Stations

Creating the largest North American open-network of commercial hydrogen refueling stations

Published May 2, 2023

PHOENIX and ANAHEIM – May 2, 2023 — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, and Voltera, a leading provider of critical infrastructure necessary to support the full decarbonization of transportation, announced a definitive agreement to develop the hydrogen fueling infrastructure required to support Nikola’s deployment of its innovative zero-emissions vehicles. Through this strategic partnership agreement, Nikola and Voltera plan to develop up to 50 HYLA stations throughout North America over the next five years. This partnership underpins Nikola’s prior announced plans to develop 60 stations by 2026.

Through this partnership, Nikola and Voltera will create the largest North American open-network of commercial hydrogen refueling stations, providing fuel to vehicles from various manufacturers to accelerate the adoption of zero-emission vehicles. Voltera will site, build, own, and operate the strategically located, fit-for-purpose hydrogen refueling stations, and Nikola will supply the hydrogen fuel and provide technical expertise. This partnership will accelerate the deployment of the several billion dollars Voltera plans to invest into EV charging and hydrogen fueling facilities. Together, Nikola and Voltera will develop a reliable and optimal refueling experience.

“Our partnership with Voltera will bring substantial capital and expertise to support Nikola’s plans to build refueling infrastructure to support its customers,” said Carey Mendes, President, Nikola Energy. “Voltera’s expertise in building out zero-emission energy infrastructure will be a key enabler for Nikola’s first-to-market hydrogen fuel cell electric trucks and fueling infrastructure. Nikola and Voltera have a shared commitment to the rapid deployment of infrastructure which is key to enabling the transition to a zero-emission economy.”

“Voltera’s mission is to accelerate the adoption of zero-emission vehicles, by taking on the complex and costly nature of developing the necessary infrastructure,” said Matt Horton, CEO of Voltera. “By partnering with Nikola, we are expanding our focus beyond battery-electric vehicle charging in order to dramatically increase hydrogen fueling infrastructure, reduce barriers for operators buying vehicles at scale to enable mass adoption of hydrogen trucks.”

ABOUT NIKOLA CORPORATION
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, via the HYLA brand, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

ABOUT VOLTERA
Voltera sites, builds, owns, and operates strategically located, fit-for-purpose EV charging and hydrogen fueling facilities to enable zero-emission vehicle deployment and operation at scale. With equity backing from EQT and plans to invest several billion dollars, alongside a team with deep experience deploying charging assets, proven critical infrastructure expertise and key strategic partners, Voltera is uniquely positioned to help solve the infrastructure challenge and scale zero-emission transportation. For more information, visit www.volterapower.com.

FORWARD LOOKING STATEMENTS
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, expectations about the benefits of the partnership between Nikola and Voltera; expectations regarding the respective business model and strategy; the ability of the partnership to develop a reliable and optimal refueling experience; the expectations regarding projected truck builds and related specifications and the timing of delivery of hydrogen electric trucks; the expectations for Nikola’s trucks and market acceptance of electric trucks; These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; risks related to the conflict between Russia and Ukraine; the outcome of legal proceedings to which Nikola is, or may become a party; the conversion of pre-orders into binding orders; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on future business; the availability of capital; slower than anticipated growth of new clean energy product offerings; inability to achieve expected pricing increases or continued supply chain challenges including volatility in raw materials and supply; and market opportunity, and the other risks and factors detailed from time to time in each of Nikola’s reports filed with the Securities and Exchange Commission, including factors discussed in the Risk Factors in Nikola’s most recent Annual Report on Form 10-K filed with the SEC for the year ended year ended December 31, 2022 and other documents Nikola files with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements.

NIKOLA MEDIA CONTACT
press@nikolamotor.com

VOLTERA MEDIA CONTACT
Lawren Markle
Gladstein, Neandross & Associates (GNA) for Voltera
424-224-5364
lawren.markle@gladstein.org

https://nikolamotor.com/nikola-and-voltera-enter-into-a-definitive-strategic-partnership-on-hydrogen-station-infrastructure-funding-for-up-to-50-stations

$NKLA

Not a word about HYLA in that article? Only this if I'm not mistaken:

Girsky believes Nikola can accomplish those goals even as it expands its hydrogen charging network with its partner Voltera. It aims to open 14 of those stations by the end of 2024 to support its own FCEVs.

https://www.msn.com/en-us/money/savingandinvesting/nikola-stock-buy-sell-or-hold/ar-AA1nnx44

$NKLA

We have received information from one of our community members that 2 new #HYLA stations will be opening in the Toronto area in the next few weeks. This is huge for business expansion because there are 6 million people in the GTA! pic.twitter.com/gcAIMG6C54— Super Stock Bull (@SuperStockBull) April 21, 2024

https://www.trucknews.com/sustainability/nikola-sees-great-potential-for-hydrogen-fuel-cell-electric-trucks-in-canada/1003184580/

Motley Fool
not the dude with charts and such but another "analyst" - Leo Sun

the article concludes with -- oops - sell -- BUT BUT

this article shows he original expectation in trucks per year
the current situation - focus on 23

but does open the door wide to speculation -- that finally - and based on visible stuff --- this could be a year where NKLA shows its metal

very interesting article

http://stocktwits.com/Nandoso/message/570257112

3 or 4 years out?

NKLA Stock - Nikola WHY IS T DOWN? - Martyn Lucas Investor

Martyn Lucas Investor
22.2K subscribers
Posted Apr 15, 2024

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.

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 proxy@nikolamotor.com.

==========

GLTA $NKLA

It was sneaky
It was hidden IMO -- in plain sight - but hidden

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)

Big buying in the April 26 $1.00 call today!

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 proxy@nikolamotor.com.

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.

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...

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: https://nikolamotor.com/

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)!

WattEV Electric Truck Charging Stations Ribbon Cutting San Bernardino CA

ZERO RIG
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.

not time to buy

IMO - not time to sell either

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.

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 ?

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.

?
is it not 1.6B right now?

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

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.

jmho

https://www.truckingdive.com/news/nikola-q1-2024-fuel-cell-electric-truck-production/713037/

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.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1731289/000153949724000820/n4154_x2-prer14a.htm

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