Nikola’s stock slides 4% premarket after company unveils $325 million convertible bond deal

An earlier version of this report had an error in the sum to be raised. It’s $325 million. The article has been corrected.

Nikola Corp.’s stock NKLA, +4.81% slid 4% in premarket trade Monday, after the electric truck maker announced plans to offer $325 million in senior convertible bonds in a registered direct offering. The company said in a regulatory filing that it expects to close an initial sale of $125 million in principal on Monday. The company expects net cash proceeds from the initial closing of about $124.5 million. The stock has fallen 9% in the year to date, while the S&P 500 SPX, -0.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Now’s the time to own dividend-paying stocks. These 5 offer up to a 9% yield.Over the long run, 40% of stock-market gains come from dividends.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Why AI-generated stock picks won't beat the marketAI can’t know more than the market knows. The best it can hope to do is to match the market over the long term.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »