Nikola, the electric vehicle manufacturer, saw a 20.4% pre-market drop in shares following its announcement of a $100 million common stock offering and $200 million in green convertible senior notes due in 2026. The company ended up raising about $275 million, less than initially planned. The market also saw other significant movements, with HCI Group's stock dipping due to a $78 million stock offering, and Cyngn Inc pricing a $5 million public offering of common stock.
Nikola shares fell after the electric carmaker raised about $275 million from the sale of shares and green convertible bonds, less than originally planned. https://t.co/kdnuTm0DOt
Nikola shares fell after the electric carmaker raised about $275 million from the sale of shares and green convertible bonds, less than originally planned. https://t.co/pP4M2fr2jj
$CYN (-47.5% pre) Cyngn Inc (CYN) Prices $5 Million Public Offering of Common Stock - SI https://t.co/BtMGRtO2A9
Nikola is now a penny stock https://t.co/ZJM3j3VLHa
$NKLA (-20.4% pre) Nikola (NKLA) Announces Proposed Offerings of Common Stock and Convertible Senior Notes - SI https://t.co/o2jk9lYrrD
$HCI (-7.3% pre) HCI Group stock dips on pricing $78 million stock offering - SA https://t.co/9XYPDOgBvI
$BECN (-1.6% pre) Beacon announces secondary public offering of 5M shares of its stock - SA https://t.co/d5wsYRkdvC
Nikola shares plunged after the electric vehicle manufacturer announced plans to issue $100 million in new shares and $200 million in so-called green convertible senior notes due in 2026 https://t.co/BXdJs67s2b
Nikola Is Raising More Money. The Stock Is Plunging. https://t.co/w460rM6No5
$NKLA | Nikola Files For Offering Of Up To $100M Shares Of Common Stock - Files For Offering Of $200M Green Convertible Senior Notes Due 2026 https://t.co/3sAGkLpEfz