Nikola shares are trading lower after the company announced it entered into a securities purchase agreement and filed for a mixed shelf offering.
Portfolio Pulse from Benzinga Newsdesk
Nikola shares declined following the announcement of a securities purchase agreement and a mixed shelf offering filing.

August 19, 2024 | 2:23 pm
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Nikola's stock is trading lower due to the announcement of a securities purchase agreement and a mixed shelf offering, which may lead to potential dilution of shares.
The announcement of a securities purchase agreement and a mixed shelf offering typically signals potential dilution of existing shares, which can lead to a decrease in stock price. Investors may be concerned about the impact on their holdings, leading to a sell-off.
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