Two Days Left to Vote: Nikola CEO Mark Russell Delivers Message Urging Stockholders to VOTE for Proposal 2
Nikola Corporation (Nasdaq: NKLA) urges stockholders to vote for Proposal 2 before the June 30, 2022, Annual Meeting.
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Rhea-AI Summary
Nikola Corporation (Nasdaq: NKLA) urges stockholders to vote for Proposal 2 before the June 30, 2022, Annual Meeting. CEO Mark Russell emphasizes the need for approval to increase the authorized shares from 600 million to 800 million to support business growth. As of June 8, 2022, nearly 567 million shares are accounted for, leaving only 33 million available for future use. Stockholders must vote by 11:59 PM ET on June 29, 2022, via phone or online to ensure their votes count.
Positive
- Proposal 2 aims to increase authorized shares from 600 million to 800 million, providing more flexibility for business growth.
Negative
- None.
Details
News Market Reaction – NKLA
The recorded move for NKLA in the trading session of this news was -7.09%.
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- Vote by phone at (855) 935-2562, if in North America, or 1-(207) 607-7123, if international
- Vote online at www.proxyvote.com
- Deadline to VOTE: 11:59 p.m., Eastern Time on June 29, 2022
- Proposal 2 will help ensure that Nikola continues moving forward toward its vision
PHOENIX, June 28, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today released a video message from CEO Mark Russell urging all Nikola stockholders to vote now FOR Proposal 2 before the Annual Meeting on June 30. The video can be accessed here and is available on all Nikola social media channels.
There are two days left to vote and every vote matters. Stockholders must actively vote before the deadline at 11:59 p.m. Eastern Time on June 29, 2022 so their vote counts.
Approving Proposal 2 is critical. Nikola has 600 million common shares authorized. As of June 8, 2022, the combination of fully diluted shares, including shares outstanding and options, restricted stock units and warrants, and reserved/unissued shares from Nikola's equity line of credit and convertible notes equates to 567 million shares. Therefore, Nikola has approximately 33 million shares available for other purposes. That is why it is so important for stockholders to vote NOW FOR Proposal 2, which would allow Nikola to increase the authorized number of shares of the Company's common stock to 800 million, providing more flexibility to support the growth of the business.
Voting is Quick and Simple:
- By Phone: Please call Alliance Advisors, Nikola's proxy solicitor, toll-free, at (855) 935-2562. International voters can call 1-(207) 607-7123. You can also contact Alliance Advisors if you have any questions about voting.
- Retail investors, including individual stockholders who purchased shares through app-based brokers, should call the relevant number above.
- By Internet: Vote at www.proxyvote.com using your control number by following the instructions shared by your broker, bank or other nominee.
- If you are a Robinhood holder, you can vote your shares at www.proxypush.com and follow the instructions you have received.
Stockholders as of the close of business on April 4, 2022, should vote their shares even if they no longer own them. The shareholder meeting will be held virtually on June 30, 2022, at 9:00 a.m. Pacific Time at www.virtualshareholdermeeting.com/NKLA2022 via live audio webcast.
About Nikola Corporation
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.
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SOURCE Nikola Corporation
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