Nikola (NKLA) says Tumim has committed to purchase up to $300 million of the Company’s common stock

June 14, 2021 7:25 AM EDT

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Nikola (NASDAQ: NKLA) disclosed:

On June 11, 2021, Nikola Corporation (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) and a registration rights agreement (the “Registration Rights Agreement”) with Tumim Stone Capital LLC (“Tumim”), pursuant to which Tumim has committed to purchase up to $300 million of the Company’s common stock, $0.0001 par value per share (the “Total Commitment”).



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