Nicola becomes publicly traded company on the NYSE raising USD700m+
By Jim Gibbins - 1st July 2020
USA / Germany / Italy - Nikola Corporation of Phoenix, Arizona early last month completed its previously announced business combination with VectoIQ Acquisition Corporation, a publicly-traded special purpose acquisition company, and Nikola’s listing on the Nasdaq Global Select Market under the new ticker symbol NKLA.
The business combination, which raised more than USD700m was approved on June 2, 2020 by VectoIQ stockholders. Nikola stated: ‘This further solidifies Nikola as a global leader in zero-emissions transportation and infrastructure solutions.’ The combined company’s shares became tradable on June 4 - shares during the first two weeks doubled in value from circa USD33 to USD69 on June 18.
