Here's Why Nikola Shares Are Moving
Portfolio Pulse from Henry Khederian
Nikola Corp (NASDAQ:NKLA) shares are trading higher by 11.44% after the company announced it would adjourn and reconvene its annual meeting of stockholders on July 6, 2023. This move aims to extend the voting period for Proposal 2, which would enable Nikola to expand its authorized shares and enhance flexibility for future business growth.
June 09, 2023 | 2:50 pm
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Nikola Corp shares are trading higher after the company announced plans to extend the voting period for Proposal 2, which would enable it to expand its authorized shares and enhance flexibility for future growth.
Nikola Corp's decision to extend the voting period for Proposal 2 is a positive development for the company, as it would enable it to expand its authorized shares and enhance flexibility for future business growth. This news has led to an increase in the stock price, indicating a positive short-term impact on the company's shares.
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