Nikola and VectoIQ Acquisition Corp. Announce Closing of Business Combination
Speculation on NKLA NASDAQ:NKLA doubling overnight if all goes well with this conference.
Here's Why:
- The combined company's shares to continue to be listed on Nasdaq under new ticker symbol "NKLA"
THIS IS HUGE!
- Nikola raises more than $700 million through the business combination and PIPE, which includes Fidelity Management & Research Company, ValueAct Spring Fund and P. Schoenfeld Asset Management LP
- Raised capital expected to accelerate Nikola's production of battery-electric (BEV) and hydrogen fuel-cell electric vehicles (FCEV)
- Nikola's pre-orders represent more than $10 billion in potential revenue
- Nikola's hydrogen network anticipated to cover North America; set to become the largest hydrogen network in the world
- Nikola adds Stephen Girsky, current CEO of VectoIQ and former Vice Chairman of General Motors Corporation, to its Board of Directors
@ehddyce, I suffered from FOMO and took my place. Wish me luck: LOL. I figured as a new investor I'm allowed a couple mulligans here huh.
ehddyce
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@BDRTrigger33, Hey sometimes you have to gamble. I just feel that even at these prices there are more upside in established companies. But no hate towards people taking a risk. I'm open to being wrong!
BDRTrigger33
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@ehddyce, Tbh: It was a direct result of reading. This company fit the mode of what they said makes a wise jump on a long-term investment. I guess I can say I was influenced and acted? I'm ok with it for now. It wasn't a huge position I took (relative to portfolio).