secwatch.observer — SEC 8-K summary
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Issuer:     Nikola Corp (—)
CIK:        0001731289
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001731289-23-000093
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nikola issues $15M in Series B-2 convertible notes due May 2024
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- Issued $15M principal of 5% senior convertible notes; net proceeds ~$14.7M.
- Notes mature May 10, 2024, convertible into common stock at formula-based conversion price.
- Interest payable quarterly in cash, shares, or mix; rate increases to 12.5% on default.
- Part of $125M purchase agreement from Dec 2022; this is second tranche under amended terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731289/000173128923000093/0001731289-23-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731289/000173128923000093/nkla-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001731289-23-000093

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