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Jules Financial Enterprise

2755 South Federal Highway Suite #4, Boynton Beach, FL 33435
Contact Person: Job J. Jules
E: support@jjulesenterprise.com
P: 561-234-6700

Nikola stock falls after company files for share offering

Economy, Finance

Nikola Corp. has filed to sell $100 million worth of shares, and the stock fell more than 3% in the extended session Monday after ending the regular trading day up 0.2%. Proceeds will be used for general corporate purposes, “which may include providing funding to complete our Arizona manufacturing facility,” as well as the ongoing development of commercial electric and fuel-cell commercial and hydrogen-station infrastructure, Nikola said. Nikola had fourth-quarter results late last month, reporting a narrower-than-expected adjusted quarterly loss.

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