A lot of electric vehicle startups are running short of cash. It’s an uncomfortable position to be in and shoring up the balance sheet can be painful for existing investors.
Electric and hydrogen fuel cell truck technology company
Nikola
(ticker: NKLA) announced a stock sale late Thursday. The company raised $100 million selling roughly 90 million shares are $1.12 each.
Source: https://www.barrons.com/articles/nikola-sells-stock-discount-ev-cash-f8fcae9?siteid=yhoof2&yptr=yahoo