Shares in Nikola Corp. (NKLA) plunged almost 15% in extended market trading on Friday as the maker of hydrogen-fueled vehicles filed an offering to sell 23.9 million shares of common stock.The stock dropped to $41.78 in after-market trading on Friday. According to the SEC filing, the 23,9 million shares of common stock are issuable upon the exercise of 890,000 warrants originally issued in a private placement in connection with the initial public offering of VectoIQ and up to 23 million shares. The company expects to receive $11.50 per warrant and generate up to $274.7 million from the exercise of the …read more
Source:: Yahoo Finance
