secwatch.observer — SEC 8-K summary
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Issuer:     Nikola Corp (—)
CIK:        0001731289
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001193125-23-293402
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731289/000119312523293402/0001193125-23-293402-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731289/000119312523293402/d647026d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-293402

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