Nikola Inc.
shares declined toward an all-time low in after-hours trading Thursday, as the car maker announced plans to sell shares. Nikola announced a plan to sell $100 million in stock, along with a concurrent direct offering with an unnamed investor for another $100 million. The stock fell more than 5% in the extended session. Nikola disappointed investors with its fourth-quarter revenue total in February, and projected that 500 or fewer vehicles will be produced this year.
shares declined toward an all-time low in after-hours trading Thursday, as the car maker announced plans to sell shares. Nikola announced a plan to sell $100 million in stock, along with a concurrent direct offering with an unnamed investor for another $100 million. The stock fell more than 5% in the extended session. Nikola disappointed investors with its fourth-quarter revenue total in February, and projected that 500 or fewer vehicles will be produced this year.
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