---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-293402"
form_type: "8-K"
ticker: null
cik: "0001731289"
company_name: "Nikola Corp"
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:18:27.357438+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nikola raises $95.7M from 133M share offering at $0.75/share and $169.5M from 8.25% convertible notes due 2026

## Summary
- Sold 133,333,334 shares of common stock at $0.75/share; net proceeds ~$95.7M.
- Issued $175M aggregate principal of 8.25% Green Convertible Senior Notes due 2026; net proceeds ~$169.5M.
- Notes convertible at $0.90/share (20% premium over common stock offering price).
- Proceeds to be used for working capital and to finance eligible green projects per Green Bond Principles.
- Both offerings closed on Dec 12, 2023; BTIG acted as lead underwriter.

## SEC filing metadata
- accession: 0001193125-23-293402
- form_type: 8-K
- cik: 0001731289
- company_name: Nikola Corp
- filed_at: 2023-12-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731289/000119312523293402/0001193125-23-293402-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731289/000119312523293402/d647026d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-293402
- JSON: https://secwatch.observer/filing/0001193125-23-293402.json
- Plain text: https://secwatch.observer/filing/0001193125-23-293402.txt

## Key facts
- Debt Financings
  Nikola Corp incurred convertible notes of $175,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 8.25% per annum maturing December 15, 2026.
  - Instrument: convertible notes
  - Principal: $175,000,000 aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 8.25% per annum
  - Maturity: December 15, 2026
  - Event: incurrence
  source text: On December 12, 2023, Nikola Corporation (the “Company”) consummated the sale and issuance of $175,000,000 aggregate principal amount of the Company’s 8.25% Green Convertible Senior Notes due 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731289/000119312523293402/0001193125-23-293402-index.htm
- Material Agreements
  Nikola Corp entered into Indenture with U.S. Bank Trust Company, National Association valued at $175,000,000 aggregate principal amount (effective 2023-12-12).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $175,000,000 aggregate principal amount
  - Effective: 2023-12-12
  source text: On December 12, 2023, Nikola Corporation (the “Company”) consummated the sale and issuance of $175,000,000 aggregate principal amount of the Company’s 8.25% Green Convertible Senior Notes due 2026 (the “Notes”) to certain underwriters (the “Notes Underwriters”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731289/000119312523293402/0001193125-23-293402-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.