Nikola Corporation (NKLA)

[uksausage]

what they are saying is that :
a) they need to have more shares to cover already committed convertible notes and employee option plans.
b) they dont need to sell shares immediately as they have c 12 months cash
c) They may need to access the market later in the year and have to have the ability to do so.

Most businesses once their O/S gets to 80% of the A/S will be looking at R/S options like Nikola did.