Nikola Corporation (NKLA)

[uksausage]

but if the RS goes through without the REDUCTION in A/S count they could issue 1.44BN shares.

RS does not affect the Authorized count unless specifically stated - which is what NKLA are doing.

Given they arent being forced to R/S from a share availability point of view they just want their SP to be over $5

IMHO they wont do a RS as the next quarter results and forecasts should be sufficient to get the SP back to around $3 and hen over $5 after Q2 results


But they have to go to the annual meeting to ask just incase they do. it is extremely expensive to do it at another time of year.