secwatch.observer — SEC 8-K summary
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Issuer:     Nikola Corp (—)
CIK:        0001731289
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001193125-23-072732
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nikola raises additional $25M in Series B-1 convertible notes; net proceeds ~$24.8M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731289/000119312523072732/0001193125-23-072732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731289/000119312523072732/d464142d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-072732

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer