PHOENIX, July 6, 2023
/PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global
leader in zero-emissions transportation and energy supply and
infrastructure solutions, today announced that its 2023 Annual
Meeting of Stockholders has been adjourned to August 3, 2023 at 1:00
p.m., Pacific Time.
Nikola has received the requisite number of votes to approve all
the proposals except for Proposal 2.
Proposal 2, Amendment to Nikola's Restated Certificate to
Increase the Authorized Number of Shares of Common Stock, currently
requires a majority of all outstanding common stock for approval. A
proposed amendment to Section 242 of the Delaware General
Corporation Law is expected to be effective August 1, 2023. Once effective, the voting
threshold for approval to amend a company's certificate of
incorporation to increase the number of authorized shares would
change from a majority of the outstanding common stock to a
majority of the shares actually voting on the proposal. Under this
proposed new law, if the annual meeting were to be held today, a
sufficient number of shares would have been voted in favor of
Proposal 2.
Stockholders must ACTIVELY VOTE by 11:59 p.m., Eastern Time, on August 2, 2023, for their vote to
count. Stockholders as of the close of business on
April 10, 2023 are entitled to vote,
even if they no longer own the shares. No additional action is
required for stockholders who have already voted.
Voting is quick and simple:
- BY PHONE: Please call Alliance Advisors, Nikola's
proxy solicitor, toll-free, at (855) 935-2562, if in North America. International voters can call 1
(551) 210-9929. You can also contact Alliance Advisors if you have
any questions about voting.
- 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, proxy voting emails are sent
by noreply@robinhood.com and voting is hosted by Say
Technologies. You will be able to vote and view materials directly
from your email.
The 2023 Annual Meeting of Stockholders will be held virtually
on Thursday, August 3, 2023, at
1:00 p.m., Pacific Time via live
audio webcast. In order to attend, register in advance
at http://www.viewproxy.com/nkla/2023 by 11:59 p.m., Pacific Time on August 2, 2023.
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, via the HYLA brand, 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.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements
within the meaning of federal securities laws with respect to
Nikola Corporation (the "Company"), including statements relating
to the amendment in Delaware, its
expected effective date and its potential impact on Proposal 2.
Forward-looking statements are predictions, projections, and other
statements about future events based on current expectations and
assumptions and, as a result, are subject to risks and
uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: whether the pending
legislation is signed into law and the timing thereof; changes in
voting and the actual vote counts on the day of the annual meeting;
the availability of and need for capital; and the factors, risks
and uncertainties regarding the Company's business described in the
"Risk Factors" section of the Company's quarterly report on Form
10-Q for the quarter ended March 31,
2023 filed with the SEC, in addition to the Company's
subsequent filings with the SEC. These filings identify and address
other important risks and uncertainties that could cause actual
events and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and, except as
required by law, the Company assumes no obligation and does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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SOURCE Nikola Corporation