Nikola shares sink after its $100 million stock offering priced at 20% below market
Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock's closing price of $1.40. Shares fell more than 15% on Friday morning, hitting a new 52-week low. Even…
#nikola #citigroup