Nikola announces $100M common stock offering

Nikola Corporation announced that it has commenced a registered underwritten public offering of up to $100M of shares of its common stock, before deducting underwriting discounts and commissions and other offering expenses. Nikola currently intends to use the net proceeds from the public offering and the concurrent registered direct offering for working capital and other general corporate purposes. Citigroup is acting as the sole book-running manager for the proposed public offering.