NIKOLA STOCKHOLDERS: VOTE NOW to Help Secure the Less Than 0.25% of Outstanding Shares Needed to Approve Proposal 2!

Rhea-AI Summary

Nikola Corporation (NKLA) urges stockholders to vote for Proposal 2 by August 1, 2022, at 11:59 p.m. ET, to approve an increase in authorized shares from 600 million to 800 million. As of July 26, 2022, over 49.75% of outstanding shares have voted in favor, indicating that only 0.25% or less than 1 million shares are needed for approval. This change aims to support Nikola's future growth and its vision for zero-emissions transportation. Voting can be done online or by phone, and every vote is crucial for the proposal's success.

Positive

• More than 49.75% of outstanding shares voted in favor of Proposal 2, indicating strong shareholder support.
• Proposal 2 aims to increase authorized shares to 800 million, providing more financial flexibility for growth.

Negative

• Less than 0.25% of votes are needed to pass, showing a narrow margin for approval.
• Shareholder turnout may be insufficient if stockholders do not vote before the deadline.

• DEADLINE TO VOTE: August 1, 2022 at 11:59 p.m. Eastern Time
• VOTE BY PHONE: North America – (855) 935-2562 or International – 1-(207) 607-7123
• VOTE ONLINE: www.proxyvote.com
• Support Nikola's future growth by VOTING FOR Proposal 2

PHOENIX, July 26, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, strongly urges ALL stockholders to VOTE FOR Proposal 2 IMMEDIATELY.

Thanks to the continued support from stockholders, Nikola is getting closer to securing the vote necessary to pass Proposal 2. As of July 26, more than 49.75% of all outstanding shares have been voted in favor of Proposal 2. This means Nikola is less than 0.25%, or less than 1 million shares, short of securing the votes required to approve this important proposal. Don't wait – vote FOR Proposal 2 today!

Every single vote matters. All stockholders, no matter how many shares they hold, play a vital role in helping Nikola get the votes needed for approval. Stockholders must VOTE by 11:59 p.m., Eastern Time, on August 1, 2022, to ensure their vote is counted.

Approving Proposal 2 would allow Nikola to increase the authorized number of shares of common stock from 600 million to 800 million, providing the Company greater flexibility to support the future growth of the business and advance its vision of clean and sustainable commercial transportation.

VOTING IS QUICK AND EASY:

• 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 provided by your broker, bank or other nominee.
• If you are a Robinhood holder, you can vote your shares at www.proxypush.com and follow the instructions you have received.

Every stockholder has a unique control number assigned for voting purposes – this information can only be provided by a stockholder's broker or bank due to security purposes. In addition, stockholders may be contacted directly by Alliance Advisors about voting their shares and should also check their spam filters for information about voting.

Stockholders as of the close of business on April 4, 2022, should vote their shares even if they no longer own them. The virtual 2022 Annual Meeting will be held at 3:00 p.m. Pacific Time on August 2, 2022 at https://east.virtualshareholdermeeting.com/vsm/web?pvskey=NKLA2022 via live audio webcast.

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 deadline for Nikola stockholders to vote on Proposal 2?

The deadline to vote on Proposal 2 is August 1, 2022, at 11:59 p.m. Eastern Time.

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

Less than 1 million shares, or 0.25% of outstanding shares, are needed to pass Proposal 2.

How can I vote for Proposal 2 for Nikola Corporation?

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

What does Proposal 2 entail for Nikola Corporation?

Proposal 2 seeks to increase the authorized number of shares from 600 million to 800 million.

When is the Annual Meeting for Nikola Corporation?

The virtual Annual Meeting will be held on August 2, 2022, at 3:00 p.m. Pacific Time.