Nikola Corporation (NASDAQ: NKLA), a leader in the design and development of BEV and FCEV class 8 semi-trucks, along with VectoIQ Acquisition Corp., a publicly-traded special purpose acquisition company, recently announced entry into a definitive agreement to create a company focused on the development of next generation smart transportation. Per the update, the combined company will be named Nikola Corporation and expected to remain NASDAQ-listed under the new ticker symbol “NKLA” upon the closing of the transaction. “In our two-year quest to find a partner that was a proven technology leader and focused on making a global difference, Nikola was the clear winner,” VectoIQ CEO Stephen Girsky, former Vice Chairman of General Motors Corporation, said in the news release. “Nikola’s vision of a zero-emission future and ability to execute were key drivers in our decision.”
To view the full press release, visit http://nnw.fm/DAbh6
About VectoIQ
VectoIQ was formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization or other similar business combination with one or more businesses. VectoIQ is sponsored by VectoIQ Holdings, LLC (including P. Schoenfeld Asset Management LP) and Cowen. For more information, visit the company’s website at www.VectoIQ.com.
About Nikola Corp.
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen stations, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. For more information, visit the company’s website at www.NikolaMotor.com.
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