'Nikola Shareholders Reject Plan for More Stock Shares' - WSJ
Portfolio Pulse from Benzinga Newsdesk
Nikola shareholders rejected the company's proposal to issue more stock shares, increasing pressure on the electric-truck maker as it seeks to raise more cash to start production.
June 08, 2023 | 5:41 pm
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Nikola's shareholders rejected the proposal to issue more stock shares, potentially impacting the company's ability to raise cash for production.
The rejection of the proposal to issue more stock shares may negatively impact Nikola's stock price in the short term, as it raises concerns about the company's ability to secure the necessary funding for production. This could lead to increased pressure on the company and potential delays in production, which may affect investor sentiment and stock price.
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