What's Going On With Nikola Stock Today?
Portfolio Pulse from Ryan Gustafson
Nikola Corporation (NASDAQ:NKLA) shares are trading higher after the company announced it would adjourn and reconvene its annual meeting of stockholders on July 6, 2023. This aims to give stockholders additional time to vote for Proposal 2, which would increase the authorized number of shares and provide greater flexibility for the company's future growth. Nikola is also close to the initial commercial production of its hydrogen fuel cell electric truck.
June 08, 2023 | 6:29 pm
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Nikola Corporation shares are trading higher after the company announced it would adjourn and reconvene its annual meeting of stockholders on July 6, 2023, giving stockholders more time to vote on Proposal 2.
The adjournment of the annual meeting and the potential approval of Proposal 2, which would increase the authorized number of shares, could provide Nikola with greater flexibility for future growth and development. This, combined with the upcoming initial commercial production of its hydrogen fuel cell electric truck, could positively impact the company's stock price in the short term.
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