Nikola Stockholders: Vote NOW "FOR" Proposal 2 Ahead of Annual Meeting on July 18, 2022

Rhea-AI Summary

Nikola Corporation (Nasdaq: NKLA) encourages stockholders to vote on Proposal 2 before the annual meeting on July 18, 2022. Voting is open until 11:59 p.m. Eastern Time on July 17, 2022. Currently, over 48% of shares have been voted in favor, needing under 2% more for approval. Proposal 2 seeks to increase the authorized shares to 800 million, enhancing business flexibility. Stockholders can vote by phone or online at www.proxyvote.com.

Positive

• Proposal 2 aims to increase authorized shares to 800 million, providing business flexibility.
• More than 48% of outstanding shares have already been voted in favor of Proposal 2.

Negative

• Still less than 50% of total votes needed for Proposal 2 to pass.
• Requires the support of additional stockholders to reach a majority.

• VOTING DEADLINE: 11:59 p.m., Eastern Time on July 17, 2022
• VOTE NOW by phone at (855) 935-2562, if in North America, or 1-(207) 607-7123, if international
• VOTE NOW online at www.proxyvote.com

PHOENIX, July 6, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today released a letter to its stockholders urging them to vote in advance of the Company's 2022 Annual Meeting of Stockholders, which will be held virtually on July 18, 2022, at 2:00 p.m. Pacific Time. Additional information can be found at nikolamotor.com/investors.

The full text of the letter follows:

Dear Nikola Stockholders,

On June 30, 2022, we adjourned our 2022 Annual Meeting of Stockholders to allow stockholders additional time to vote on Proposal 2. Voting now remains open until 11:59 p.m., Eastern Time on July 17, 2022, and we urge you to VOTE NOW!

We are getting close – when we adjourned our meeting on June 30, 2022, more than 48% of all outstanding shares had been voted in favor of this proposal, leaving less than 2% of outstanding shares to be voted in favor for this proposal to pass. Because Proposal 2 requires a majority of all outstanding common stock to pass, we still need your support. Every vote matters.

The approval of Proposal 2 would allow us to increase the authorized number of common shares to 800 million, providing flexibility to support our business objectives as we aim to reach new milestones.

VOTE NOW TO SUPPORT NIKOLA:

• By Phone: Please call Alliance Advisors, Nikola's proxy solicitor, toll-free, at (855) 935-2562. International voters can call 1-(207) 607-7123. You can also contact Alliance Advisors if you have any questions about voting.
• Retail investors, including individual stockholders who purchased shares through app-based brokers, should call the relevant number above.
• By Internet: Vote at www.proxyvote.com using your control number by following the instructions shared by your broker, bank or other nominee.

No further action is required if you have already voted your shares.

ALL stockholders are strongly encouraged to VOTE, no matter how many shares they own. Stockholders as of the close of business on April 4, 2022, should vote their shares even if they no longer own them. The annual meeting will be held virtually on July 18, 2022, at 2:00 p.m. Pacific Time at www.virtualshareholdermeeting.com/NKLA2022 via live audio webcast.

On behalf our entire team and Board of Directors, thank you for your continued support and belief in our company's vision.

Sincerely,

Mark Russell, Chief Executive Officer and President

In addition, the Company sent an identical letter to Robinhood holders with the exception of instructions for Robinhood holders to vote at www.proxypush.com.

About Nikola Corporation

Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.

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SOURCE Nikola Corporation

FAQ

What is the voting deadline for NKLA stockholders?

The voting deadline is 11:59 p.m. Eastern Time on July 17, 2022.

When is Nikola's Annual Meeting of Stockholders?

Nikola's Annual Meeting of Stockholders will be held virtually on July 18, 2022, at 2:00 p.m. Pacific Time.

How can NKLA stockholders vote on Proposal 2?

Stockholders can vote by phone at (855) 935-2562 for North America or online at www.proxyvote.com.

What is Proposal 2 regarding NKLA?

Proposal 2 seeks to increase the number of authorized common shares to 800 million.

How many shares need to be voted for Proposal 2 to pass?

Less than 2% of outstanding shares still need to be voted in favor for Proposal 2 to pass.