Nikola Corp Stock Price, News & Analysis

Nikola Corporation (Nasdaq: NKLA) has appointed Andrew Vesey to its Board of Directors, effective immediately, succeeding DeWitt Thompson. Vesey, with over 40 years of experience in the utility sector, is expected to enhance Nikola's strategy in zero-emission transportation. He previously held key roles at Fortescue Future Industries and PG&E. The transition comes as Nikola aims to accelerate its growth and innovation in clean energy solutions.

Nikola Corporation (Nasdaq: NKLA) will announce its third quarter 2022 financial results on November 3, 2022, at 9:30 a.m. ET. The management team will host a conference call to discuss the company's performance and outlook. To facilitate communication with shareholders, a Q&A platform developed by Say Technologies will allow verified retail and institutional investors to submit questions from October 25 to November 2, 2022. The earnings call will be accessible live and via replay through the company's investor relations webpage.

Romeo Power, Inc. (NYSE: RMO) is urging its stockholders to tender their shares in the exchange offer made by Nikola Corporation (NASDAQ: NKLA) to acquire all outstanding shares of Romeo's common stock. The deadline for this tender is midnight, Eastern Time, on October 12, 2022. The Romeo Board strongly recommends participation, noting that failure to tender at least a majority of shares will prevent the completion of the offer. Stockholders are advised to contact their brokers promptly to ensure compliance with processing deadlines.

Nikola Corporation (Nasdaq: NKLA) has issued a reminder for Romeo Power, Inc. (NYSE: RMO) stockholders to tender their shares in an exchange offer by midnight Eastern Time on October 12, 2022. If a majority of Romeo's outstanding shares are not tendered, the offer will not be completed, and no shares will be exchanged. Stockholders should contact Alliance Advisors for assistance and ensure they meet their broker's processing deadlines. This announcement comes amid Nikola's strategy to integrate Romeo’s battery production into its operations, highlighting its focus on zero-emission transportation solutions.

Romeo Power, Inc. (NYSE: RMO) has issued a reminder to stockholders regarding the tendering of shares related to the exchange offer by Nikola Corporation (NASDAQ: NKLA). The deadline for tendering shares is midnight Eastern Time on October 12, 2022. As of September 26, 2022, only 70.03 million shares had been tendered, representing 37.65% of all outstanding shares, leaving approximately 22.97 million shares needed for the Offer to proceed. The Romeo Board recommends that stockholders participate to avoid risks associated with remaining independent.

Nikola Corporation has extended its exchange offer to acquire Romeo Power until midnight Eastern Time on October 12, 2022. The all-stock agreement, announced on August 1, 2022, allows Romeo shareholders to receive 0.1186 shares of Nikola stock per share of Romeo, equating to a 4.5% pro forma ownership in Nikola. As of the previous deadline, approximately 70 million shares (or 37.65%) of Romeo were tendered, with a minimum of 50.1% needed for completion. All other terms remain unchanged during this extension.

Nikola Corporation (Nasdaq: NKLA) has issued a reminder to Romeo Power, Inc. (NYSE: RMO) stockholders to tender their shares in an exchange offer by midnight Eastern Time on September 26, 2022. Completion of the offer requires a majority of outstanding shares to be tendered. The offer includes a premium of approximately 34% based on historical share prices from July 29, 2022. Stockholders can reach Alliance Advisors for assistance at (855) 643-7453 or via email. This announcement follows the definitive agreement disclosed on August 1, 2022, for an all-stock acquisition of Romeo by Nikola.

Romeo Power, Inc. (NYSE: RMO) reminds stockholders to tender their shares by midnight Eastern Time on September 26, 2022, as part of an exchange offer from Nikola Corporation (NASDAQ: NKLA). This agreement allows Nikola to purchase all outstanding shares of Romeo's common stock, contingent on a majority being tendered. The exchange ratio offers Romeo stockholders 0.1186 shares of Nikola for each share of Romeo, equating to a 34% premium based on prior closing prices. Failure to meet the majority tender requirement will prevent the completion of the offer.

Nikola Corporation (Nasdaq: NKLA) is reminding Romeo Power, Inc. (NYSE: RMO) stockholders to tender their shares in an exchange offer before the September 26, 2022, deadline. Nikola's Offer represents a 34% premium based on share prices from July 29, 2022. Under the merger agreement, Romeo stockholders will receive 0.1186 of a share of Nikola stock for each Romeo share, providing approximately 4.5% pro forma ownership of Nikola. Nikola emphasizes the potential value and future benefits of this merger, encouraging stockholders to act swiftly.