Nikola plans stock sale

By Andy Blye | Phoenix Business Journal

Nikola Corp. recently filed paperwork with the Securities and Exchange Commission indicating that it planned to raise $100 million in an upcoming sale of common stock.

Nikola (NASDAQ: NKLA) said it intended to use the proceeds from the sale for general corporate purposes, noting the money may be used in the completion of the Arizona manufacturing facility which is underway in Coolidge, south of Phoenix in Pinal County.

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