Nikola Corporation (NKLA)

[Scandle34]

As of June 3, 2020, there were approximately 360,904,478 shares of Common Stock and no shares of preferred stock of Nikola outstanding.

This includes (i) 53,390,000 shares of Common Stock registered for sale by the selling security holders named in this registration statement (including shares referred to in the following clause (ii)), (ii) 890,000 shares of Common Stock issuable upon the exercise of 890,000 Private Warrants (as defined below) and (iii) 23,000,000 shares of Common Stock issuable upon the exercise of 23,000,000 Public Warrants (as defined below).

If you want to look at anything as 'selling' it would be 33.39M IPO shares that were just registered. If you genuinely believe short control the price of a stock, then you have already admitted it has no intrinsic value. If it did, shorts could not control the price.

Even then the less than 80M shares that are now or soon will be in the float are about 20% of the OS. They already existed, so to state they will tank the price is to state that it is just a low float MOMO play.