: Nikola shareholders approve plan to increase share count


Shares of Nikola Corp. NKLA, +12.42% dropped less than 1% in the aftermarket Thursday after the electric-truck maker said that shareholders approved the company’s plan to increase the number of its shares. It took Nikola several tries to pass that, most recently early last month when it adjourned its shareholder meeting to have another go at it on Thursday. Chief Executive Michael Lohscheller said in a statement that the plan is “critical for continued growth and success as we move forward with our strategic priorities,” including the recent launch of a hydrogen fuel-cell electric vehicle. Shares of Nikola ended the regular trading day up 12%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleEarnings Results: Fortinet leads cybersecurity stocks sharply lower after warning of deal delays
Next articleApple posts surprise gain in China revenue but a decline in overall iPhone sales


Please enter your comment!
Please enter your name here