Nikola Corporation (NKLA)

[staynafloat]

R/S's do not affect the A/S. It only splits the O/S so the company is not asking for authorization to add anything to the A/S but are actually reducing the Authorized Shares on their own from 1.6 Billion to 1.0 Billion. This is a separate step that they are choosing to do.
Please forgive me if I'm misinterpreting your post.


https://www.sec.gov/Archives/edgar/data/1020475/000101706203000180/dpre14c.htm#:~:text=The%20number%20of%20outstanding%20shares%20of%20Common%20Stock%20will%20be,will%20not%20be%20so%20decreased.