Nikola Corporation has announced a 1-for-30 reverse stock split, which has been approved by its board. The split will be effective starting June 24, 2024, with shares beginning to trade on a split-adjusted basis on June 25. This announcement has led to a significant drop in Nikola's stock price, with shares down 10.45% in pre-market trading.
$NKLA | Nikola Announces 1-For-30 Reverse Stock Split Approved by Board; Effective June 24, 2024.
$NKLA reverse 30 for 1 split a sure sign things are rolling downhill
$NKLA | Nikola Announces 1-For-30 Reverse Stock Split Approved by Board; Effective June 24, 2024.
JUST IN: Nikola just announced 1-for-30 reverse stock split. $NKLA 🔴 -10.45% in pre-market https://t.co/7u0WPxzeeG
Nikola $NKLA just announced a 1 for 30 REVERSE STOCK SPLIT https://t.co/VtALUA3q1A
$NKLA NIKOLA BOARD APPROVES 1-FOR-30 REVERSE STOCK SPLIT NIKOLA: SHARES TO BEGIN TRADING ON SPLIT-ADJUSTED BASIS ON JUNE 25