BUZZ-Nikola falls on $160 mln senior convertible note offering
Reuters · 08/19 13:45
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** Shares of electric truck maker Nikola NKLA.O fall 7.1% to $7.55
** Nikola enters agreement to sell up to $160 mln of senior convertible , expects to complete initial closing for sale of $80 mln worth of on Aug. 19
** Company terminates another agreement signed in August 2023 to sell up to $325 mln in senior convertible
** Up to previous close, stock had fallen ~69% this year
(Reporting by Akash Sriram in Bengaluru)
((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))
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