The rejection of the proposal to issue more stock shares has led to a positive market reaction, driving the stock price up by 9.23%. The adjournment and reconvening of the annual meeting on July 6, 2023, to extend the voting period for Proposal 2 indicates that the company is still seeking ways to expand its authorized shares and enhance flexibility for future business growth and development. This news is directly related to NKLA and has a significant impact on its stock price in the short term.