Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Nikola Corp incurred senior notes of $15,000,000 in aggregate principal amount with Wilmington Savings Fund Society, FSB at 5.0% per annum maturing May 10, 2024.
- Instrument
- senior notes
- Principal
- $15,000,000 in aggregate principal amount
- Counterparty
- Wilmington Savings Fund Society, FSB
- Rate
- 5.0% per annum
- Maturity
- May 10, 2024
- Event
- incurrence
Exact text from the filing
On May 10, 2023, Nikola Corporation (the “Company”) consummated the sale of $15,000,000 in aggregate principal amount of series B-2 senior convertible notes (the “Series B-2 Notes”) to an investor
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Nikola Corp entered into Second Supplemental Indenture and Series B-2 Senior Convertible Notes with Wilmington Savings Fund Society, FSB valued at $15,000,000 in aggregate principal amount of series B-2 senior convertible notes (effective 2023-05-10).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Wilmington Savings Fund Society, FSB
- Value
- $15,000,000 in aggregate principal amount of series B-2 senior convertible notes
- Effective
- 2023-05-10
Exact text from the filing
On May 10, 2023, Nikola Corporation (the “Company”) consummated the sale of $15,000,000 in aggregate principal amount of series B-2 senior convertible notes (the “Series B-2 Notes”) to an investor (the “Offering”) party to that certain Securities Purchase Agreement, dated as of December 30, 2022, as amended on March 16, 2023 (as amended, the “Purchase Agreement”), which covers the sale of up to an aggregate of $125,000,000 in principal amount of senior convertible notes (the “Notes”), in a registered direct offering.
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