Nikola Corp. goes public with closing of business merger
Hydrogen and electric vehicle manufacturer Nikola Corp. is now a publicly traded company following the completion of its merger with VectoIQ Acquisition Corp.
The business combination was approved on Tuesday by VectoIQ stockholders, and solidifies Nikola’s listing on the Nasdaq Global Select Market. Beginning Thursday, shares of the combined corporations will be traded on the Nasdaq under the new ticker symbol “NKLA.”
The deal injects Nikola with more than $700 million through private investment in public equity. As part of the combination, current VectoIQ CEO and former Vice Chairman of General Motors Corporation Stephen Girsky will join as a member of Nikola’s Board of Directors.
