Nikola Corporation has today confirmed the completion of its previously announced merger with publicly traded special purpose acquisition company VectolQ Acquisition Corp.
The merger was approved yesterday by VectolQ stockholders, and on 4th June, the combined company’s shares will trade on the Nasdaq under the new ticker symbol “NKLA”.
Transaction proceeds are expected to accelerate vehicle production and allow Nikola to break ground on its state-of-the-art manufacturing facility in Coolidge, Arizona, and continue its hydrogen station infrastructure roll out.
“Nikola is thrilled to complete the Nasdaq listing and be part of the ESG investment world,” said Trevor Milton, Nikola’s Founder and Executive Chairman.
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