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0.0309178743961353 0.0309178743961353 0.0434782608695653 0.0434782608695653 0.111111111111111 0.207729468599034 0.0869565217391305 0.0628019323671498
Stock impact report

Nikola Corporation, a Global Leader in Zero-Emissions Transportation Solutions, to Be Listed on NASDAQ Through a Merger With VectoIQ

VectoIQ Acquisition Corp. II - Class A (VTIQ) 
Company Research Source: PR Newswire
PHOENIX, March 3, 2020 /PRNewswire/ -- Nikola to use proceeds to accelerate its portfolio of battery-electric (BEV) and hydrogen fuel-cell electric vehicles (FCEV) targeting zero emissions globally Nikola will build out a hydrogen station infrastructure to support its FCEV vehicles Nikola has more than 14,000 pre-orders representing more than $10 billion in potential revenue and two-and-a-half years of production Pro forma enterprise value of the merger is approximately $3.3 billion Transaction includes a $525 million fully committed common stock PIPE at $10.00 per share anchored by institutional investors including Fidelity Management & Research Company, ValueAct Spring Fund and P. Schoenfeld Asset Management LP The company will add Stephen Girsky, current CEO of VectoIQ and former Vice Chairman of General Motors Corporation, to its Board of DirectorsNikola Corporation, a leader in the design and development of BEV and FCEV class 8 semi-trucks, along with VectoIQ Acquisition Corp. (N Show less Read more
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