An earlier version of this report had an error in the sum to be raised. It’s $325 million. The article has been corrected. Nikola Corp.’s stock slid 4% in...
An earlier version of this report had an error in the sum to be raised. It’s $325 million. The article has been corrected.
Nikola Corp.’s stock NKLA, +4.81% slid 4% in premarket trade Monday, after the electric truck maker announced plans to offer $325 million in senior convertible bonds in a registered direct offering. The company said in a regulatory filing that it expects to close an initial sale of $125 million in principal on Monday. The company expects net cash proceeds from the initial closing of about $124.5 million. The stock has fallen 9% in the year to date, while the S&P 500 SPX, -0.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Now’s the time to own dividend-paying stocks. These 5 offer up to a 9% yield.Over the long run, 40% of stock-market gains come from dividends.
Read more »
Applied Stock Price Today | NASDAQ AMAT Live TickerView today's Applied Materials Inc stock price and latest AMAT news and analysis. Create real-time notifications to follow any changes in the live stock price.
Read more »
NHRA Brainerd Friday Qualifying: Hungry Doug Kalitta Leads Top Fuel FieldKalitta still seeking 50th career win; Ron Capps, Greg Anderson lead in Funny Car, Pro Stock
Read more »
Morgan Stanley and this packaging stock are among the most oversold in the S&P 500CNBC Pro screened for the most overbought and oversold in the broad S&P 500 index.
Read more »
This south Alabama stock soared on an otherwise flat dayWall Street limps to the finish line of third losing week in a row.
Read more »
Why AI-generated stock picks won't beat the marketAI can’t know more than the market knows. The best it can hope to do is to match the market over the long term.
Read more »