Nikola Board Approves 1-for-30 Reverse Stock Split; Shares to Trade on Split-Adjusted Basis, Trading Below $1

Fast Company@FastCompany

2 years ago

The board of embattled EV company Nikola Corp has approved a 1-for-30 reverse stock split as the company's shares continue to trade under $1. Here's what to know: https://t.co/EmkcHJ4jRx

Market Rebellion@MarketRebels

2 years ago

Nikola, the EV company that's not Tesla, is struggling to stay afloat. 📉 Board approves reverse stock split to avoid delisting. @petenajarian evaluates this Hail Mary pass. Will it save them? 🏈 or " More like a reverse uno card on bankruptcy" @jonnajarian Rebel's Edge 🏴‍☠️ 1pm… https://t.co/d8q1NS6soI

Nikola (NASDAQ: $NKLA ) was trading 21.50% lower on Thursday after the energy and transportation solutions company said its board approved a 1-for-30 reverse stock split, effective June 24 4:01 PM ET. https://t.co/IleeWuCh1S