{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-072732","form_type":"8-K","ticker":null,"cik":"0001731289","company_name":"Nikola Corp","filed_at":"2023-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.343015+00:00","generated_at":"2026-06-18T00:41:37.915773+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Nikola raises additional $25M in Series B-1 convertible notes; net proceeds ~$24.8M","bullets":["Issued $25M aggregate principal Series B-1 senior convertible notes due March 17, 2024, net proceeds ~$24.8M.","Notes bear 5% annual interest (12.5% upon default), payable in shares/cash at company's option.","Amendment allows use of Permitted Equity Lines with Tumim within three trading days after any note conversion.","Company plans to seek stockholder approval to increase authorized shares at June 6, 2023 annual meeting."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-072732","json":"https://secwatch.observer/filing/0001193125-23-072732.json","markdown":"https://secwatch.observer/filing/0001193125-23-072732.md","text":"https://secwatch.observer/filing/0001193125-23-072732.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1731289/000119312523072732/0001193125-23-072732-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1731289/000119312523072732/d464142d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T00:41:37.915773+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5e84a33daefdb7d2c822fade69f5336e1e40619a","claim":"Nikola Corp incurred senior notes of $25,000,000 in aggregate principal amount of series B-1 senior convertible notes with investors at 5.0% per annum maturing March 17, 2024.","evidence_excerpt":"As previously announced on December 30, 2022, Nikola Corporation (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with the investors named therein (the “Investors”) for the sale of up to $125,000,000 in principal amount of senior convertible notes (the “Notes”), in a registered direct offering.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1731289/000119312523072732/0001193125-23-072732-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$25,000,000 in aggregate principal amount of series B-1 senior convertible notes"},{"label":"Counterparty","value":"investors"},{"label":"Rate","value":"5.0% per annum"},{"label":"Maturity","value":"March 17, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e0bfd5416a09334b4a080e21a451786a899326e5","claim":"Nikola Corp amended Purchase Agreement Amendment with the Investors named therein (effective 2023-03-16).","evidence_excerpt":"On March 16, 2023, the Company and the Investors entered into an amendment to the Purchase Agreement (the “Purchase Agreement Amendment”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1731289/000119312523072732/0001193125-23-072732-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the Investors named therein"},{"label":"Effective","value":"2023-03-16"}],"fact_type":"material_agreement"},{"claim_id":"e6d9e5102913e80b90387842f55589ccae6b6ba2","claim":"Nikola Corp entered into First Supplemental Indenture with Wilmington Savings Fund Society, FSB valued at $25,000,000 in aggregate principal amount of series B-1 senior convertible notes (effective 2023-03-16).","evidence_excerpt":"On March 16, 2023, the Company and the Investors entered into an amendment to the Purchase Agreement (the “Purchase Agreement Amendment”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1731289/000119312523072732/0001193125-23-072732-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Savings Fund Society, FSB"},{"label":"Value","value":"$25,000,000 in aggregate principal amount of series B-1 senior convertible notes"},{"label":"Effective","value":"2023-03-16"}],"fact_type":"material_agreement"},{"claim_id":"f78a7047e5e83f01ae72ba410566eb1ab69d0f71","claim":"Nikola Corp entered into Base Indenture with Wilmington Savings Fund Society, FSB (effective 2023-03-16).","evidence_excerpt":"The First Supplemental Indenture supplements the indenture entered into by and between the Company and the Trustee, dated as of March 16, 2023 (the “Base Indenture”","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1731289/000119312523072732/0001193125-23-072732-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Wilmington Savings Fund Society, FSB"},{"label":"Effective","value":"2023-03-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}