By Rofida Khairalla | Coolidge Examiner
PHOENIX — An electric vehicle manufacturer with plans to develop a 1-million-square-foot manufacturing facility in Coolidge will go public through a merger with an acquisition company.
Early Tuesday morning Nikola Motor Company announced that it had entered into a definitive agreement with VectoIQ Acquisition Corp., a publicly-traded special purpose acquisition company, to form a new company specializing in the development of advanced transportation.
The merger will result in a combined company known as Nikola Corporation. Upon closing, the enterprise’s combined value will be an estimated $3.3 billion.