Nikola Corp Files For Mixed Shelf Offering Of Up To $500M
Portfolio Pulse from Benzinga Newsdesk
Nikola Corp has filed for a mixed shelf offering of up to $500 million, according to an SEC filing. This move allows the company to issue various types of securities, which could be used to raise capital for operations or expansion.
August 19, 2024 | 1:37 pm
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Nikola Corp has filed for a mixed shelf offering of up to $500 million. This allows the company to issue different types of securities, potentially raising capital for operations or expansion.
The mixed shelf offering indicates Nikola's intention to raise capital, which could lead to stock dilution. This often results in a short-term negative impact on stock price as investors anticipate the potential increase in share supply.
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