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Hydrogen Truckmaker Nikola Listing On Nasdaq Via Surprise Merger With VectoIQ Worth $3.3 Billion

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Hydrogen truckmaker Nikola is listing shares in an unusual merger with former GM Vice Chairman Steve Girsky's publicly traded acquisition firm

owing to his stake of more than 40% in Nikola. Milton said there’s no dilution as a result of the merger.

Electric trucks have been a dynamic space in recent years, ranging from Musk’s plans for a Tesla Semi and Cybertruck pickup; Rivian’s plans for electric pickups, SUVs and delivery vans for Amazon; U.K. startup Arrival’s low-cost delivery trucks for UPS; and battery-busmakerSimilar to Nikola’s production partnership with Iveco, which will build its electric trucks for the European market, Milton says the Badger pickup will be produced for it by an automaker he declined to identify.

 

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Hydrogen Truckmaker Nikola Listing On Nasdaq Via Surprise Merger With VectoIQ Worth $3.3 BillionThe Arizona startup developing futuristic semi-trucks powered by hydrogen fuel cells and batteries is listing shares in an unusual merger with former GM Vice Chairman Steve Girsky's publicly traded acquisition firm Pretty sure they decided on the name Nikola because Tesla was already taken. LOL I think after listing Nikola will get huge capital / funds to set up a large scale production unit hindenburg omen
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