On June 4, 2020,shares in the U.S. EV maker Nikola Corporation will start trading on the Nasdaq following the completion of its previously announced business combination with VectoIQ Acquisition Corp. It will under the new ticker symbol “NKLA.”
Nikola says the transaction proceeds are expected to accelerate vehicle production, allow Nikola to break ground on its state-of-the-art manufacturing facility in Coolidge, Arizona and continue its hydrogen station infrastructure roll out.
Nikola’s Founder and Executive Chairman, Trevor Milton says: “Nikola is thrilled to complete the Nasdaq listing and be part of the ESG investment world. This is a significant endorsement in fuel-cell and battery-electric technology. Since Nikola launched its first fuel-cell semi-truck, you have seen the world rally behind hydrogen and follow our lead. What was once considered the fuel of the future is now accepted as today’s solution.”
He adds: “With our Nikola IVECO joint venture and over $10 billion in pre-order reservations, Nikola is positioned to be a wonderful story of how one company can literally change the world.”