WE NEED YOUR VOTE! Nikola Stockholders: Final Hours to VOTE For Proposal 2

Rhea-AI Summary

Nikola Corporation (Nasdaq: NKLA) urges stockholders to participate in voting for Proposal 2 before the June 29, 2022 deadline, which is critical for the company's growth and flexibility. As of June 8, 2022, approximately 567 million of the 600 million authorized shares are spoken for, leaving only 33 million available. Approving Proposal 2 will allow an increase in authorized shares to 800 million. The virtual Annual Meeting of Stockholders is scheduled for June 30, 2022, at 9:00 a.m. PT. Stockholders can vote via phone or online to ensure their votes count.

Positive

• Proposal 2 allows an increase in authorized shares from 600 million to 800 million, providing more flexibility for business growth.

Negative

• Currently, 567 million shares of the 600 million authorized shares are already reserved, limiting immediate operational options.

• DEADLINE TO VOTE: 11:59 p.m., Eastern Time on Wednesday, June 29, 2022
• VOTE by phone at (855) 935-2562, if in North America, or 1-(207) 607-7123, if international
• VOTE online at www.proxyvote.com
• Proposal 2 will provide flexibility to support the growth of the business

PHOENIX, June 29, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, strongly encourages ALL stockholders to vote NOW for Proposal 2 before the Annual Meeting on Thursday, June 30, 2022. 

Stockholders must ACTIVELY VOTE in advance of the voting deadline on Wednesday, June 29, 2022, at 11:59 p.m. Eastern Time, for their vote to count.

Approving Proposal 2 is very important. Nikola has 600 million common shares authorized. As of June 8, 2022, approximately 567 million are either issued or reserved/unissued or spoken for, leaving us with 33 million shares available for other purposes. That is why we are urging ALL stockholders to vote NOW for Proposal 2, which would allow Nikola to increase the authorized number of shares of the Company's common stock to 800 million, providing flexibility to support the growth of the business.

Every vote matters. Stockholders as of the close of business on April 4, 2022, should vote their shares even if they no longer own them.

TAKE ACTION and VOTE NOW:

• 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.
• If you are a Robinhood holder, you can vote your shares at www.proxypush.com and follow the instructions you have received.

The 2022 Annual Meeting of Stockholders will be held virtually on Thursday, June 30, 2022, at 9:00 a.m. Pacific Time 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 voting on Proposal 2 for NKLA?

The deadline to vote on Proposal 2 is 11:59 p.m. Eastern Time on June 29, 2022.

How can I vote for Proposal 2 for Nikola Corporation?

You can vote for Proposal 2 by phone at (855) 935-2562 for North America or online at www.proxyvote.com.

Why is Proposal 2 important for Nikola Corporation?

Proposal 2 is important as it allows an increase in authorized shares to 800 million, facilitating business growth.

When is the Annual Meeting of Stockholders for NKLA?

The Annual Meeting of Stockholders for Nikola Corporation is scheduled for June 30, 2022, at 9:00 a.m. Pacific Time.

What happens if I don't vote for Proposal 2 for NKLA?

If stockholders do not vote, they forfeit the opportunity to influence the decision on expanding authorized shares.