Nikola Corp Files For Resale Of Up To 10.3M Shares Of Common Stock By The Selling Stockholders
Portfolio Pulse from Benzinga Newsdesk
Nikola Corp has filed for the resale of up to 10.3 million shares of common stock by the selling stockholders, according to an SEC filing.
August 22, 2023 | 8:13 pm
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Nikola Corp's filing for the resale of up to 10.3 million shares could potentially dilute the stock's value in the short term.
The filing for resale of up to 10.3 million shares by Nikola Corp could lead to an increase in the supply of the company's shares in the market. This could potentially dilute the value of the stock in the short term, leading to a decrease in the stock price.
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