In a nutshell, Nikola will become a wholly owned subsidiary of VectoIQ. Colleen Robar The build out of hydrogen fueling stations will serve Nikola customers’ fleets, such as Anheuser-Busch. PHOENIX, AZ (March 3, 2020) -- Nikola Corporation, a leader in the design and development of BEV and FCEV class 8 semi-trucks, along with VectoIQ Acquisition Corp. (NASDAQ: VTIQ), a publicly-traded special purpose acquisition company, announces that the two companies have entered into a definitive agreement to create a company focused on the development of next generation smart transportation. I would also like to thank the VectoIQ team for their amazing contributions over the past two years, and tireless work to execute on this transaction.”. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the transaction when they become available. 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. 313-207-5960 Morgan Stanley is serving as financial advisor, and Pillsbury Winthrop Shaw Pittman LLP is serving as legal advisor to Nikola. Investors The world is transitioning to zero emission platforms and Nikola is the leader for heavy duty vehicles. Deutsche Bank Securities Inc. served as an additional capital markets advisor to VectoIQ. BUSINESS COMBINATIONAGREEMENT, dated as of March 2, 2020 (this “Agreement”), by and among VectoIQ Acquisition Corp., a Delawarecorporation (“VectoIQ”), VCTIQ Merger Sub Corp., a Delaware corporation (“Merger Sub”) andNikola Corporation, a Delaware corporation (the “Company”). There may be additional risks that neither VectoIQ nor Nikola presently know or that VectoIQ and Nikola currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. I look forward to continuing to support the company as a member of the Board, and helping to make Nikola’s vision of a cleaner world a reality. The merged company will be valued at $3.3 billion, according to electrive.com. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; the outcome of judicial proceedings to which Nikola is, or may become a party; failure to realize the anticipated benefits of the business combination; the conversion of pre-orders into binding orders; risks related to the rollout of Nikola's business and the timing of expected business milestones; the effects of competition on Nikola's future business; the availability of capital; and the other risks discussed under the heading "Risk Factors" in the definitive proxy statement/prospectus/information statement filed by VectoIQ on May 8, 2020 and other documents Nikola files with the SEC in the future. CONTACTS Unternehmen / Aktien Aktienkurs % Top-Nachrichten; DAIMLER: 73,69-2,99 %: Märkte … Media Completion of the proposed transaction is subject to approval of VectoIQ and Nikola stockholders and other customary closing conditions, including a registration statement being declared effective by the Securities and Exchange Commission, and is expected to be completed in the second quarter of 2020. But today, shares of Nikola have not only made a complete U-turn of their spectacular rally, NKLA stock has continued to reverse toward its pre-merged days as VectoIQ Acquisition … Information about the directors and executive officers of VectoIQ is set forth in its Annual Report on Form 10-K for the fiscal year ended December 31, 2018. VectoIQ Acquisition Corp II is a Delaware corporation formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. The business combination, which was approved on June 2, 2020 by These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s and VectoIQ’s management and are not predictions of actual performance. -iv-. investors@nikolamotor.com A lawsuit was filed on September 15, 2020, against Nikola Corporation f/k/a VectoIQ Acquisition Corp over alleged Securities Laws Violations. VectoIQ Acquisition Corp. II is primarely in the business of blank checks. crobar@robarpr.com. Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. nicole.rose@nikolamotor.com Important Information and Where to Find It. Nikola to use proceeds to accelerate its portfolio of battery-electric (BEV) and hydrogen fuel-cell electric vehicles (FCEV) targeting zero emissions globally. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola's management and are not predictions of actual performance. The transaction reflects an implied enterprise value at closing of $3.3 billion. VectoIQ and Nikola and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the transaction. Announce Closing of Business Combination PR Newswire PHOENIX, June 3, 2020 - The combined company's shares … VectoIQ Acquisitions is a special purpose acquisition company that is set to close on a purchase of Nikola Motor, a private company, in June. Instantly find out the VectoIQ Acquisition Corp. stock quote. Nikola Corp. filled VectoIQ’s $230 million public shell company after former Wall Street analyst and General Motors executive Steve Girsky shopped more than 100 smart transportation companies and signed 75 nondisclosure agreements and six letters of intent. Nikola Corporation accelerated its transformation in March, announcing a merger with VectoIQ Acquisition Corp. Mr. Brady has more than 20 years of experience in private equity and investment banking. A telephone replay will be available until Tuesday, March 17, 2020 at the same number and conference ID. In addition, forward-looking statements reflect VectoIQ’s and Nikola’s expectations, plans or forecasts of future events and views as of the date of this press release. Reminds Stockholders to Vote in Favor of Business Combination With Nikola Corporation VectoIQ is sponsored by VectoIQ Holdings, LLC (including P. Schoenfeld Asset Management LP) and Cowen. Stephen Girsky, CEO of VectoIQ Acquisition Corp. added, "The VectoIQ team and I are proud to support Nikola in its transition to a public company. kim.brady@nikolamotor.com Mar 03, 2020. We believe we have a differentiated business model built on economics, not government subsidies. The quick entry to the stock market was made possible via a merger with the already listed company VectoIQ Acquisition Corporation. The official website of the Federal Trade Commission, protecting America’s consumers for over 100 years. On June 4, 2020, the combined company’s shares will trade on the Nasdaq under the new ticker symbol “NKLA.”. 313-207-5960 VectoIQ Acquisition Corp. Cowen served as sole financial advisor and lead capital markets advisor, and Greenberg Traurig, LLP served as legal advisor to VectoIQ. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The group's previous SPAC, VectoIQ Acquisition, went public in May 2018 and completed its acquisition of Nikola (NKLA) in June 2020. 480-660-6893 We have not identified any potential initial business combination target … For financial reporting, their fiscal year ends on December 31st. The transaction proceeds will accelerate production, allow Nikola to break ground on its state-of-the-art manufacturing facility in Coolidge, Arizona, and begin its hydrogen station infrastructure roll out. Request processing. Nikola Corp. announced plans to merge with VectoIQ Acquisition Corp., a publicly traded special-purpose acquisition company, to speed up Nikola’s production of … Nikola, the US maker of heavy-duty trucks with batteries and hydrogen fuel cells has become a Nasdaq listed company. After the Registration Statement has been filed and declared effective, VectoIQ will mail a definitive proxy statement, when available, to its stockholders. As a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. It’s an exciting time to be in the zero-emissions transportation space and Nikola is at the forefront of this technology. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the transaction, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the transaction or that the approval of the stockholders of VectoIQ or Nikola is not obtained; failure to realize the anticipated benefits of the transaction; risks relating to the uncertainty of the projected financial information with respect to Nikola; risks related to the rollout of Nikola’s business and the timing of expected business milestones; the effects of competition on Nikola’s future business; the amount of redemption requests made by VectoIQ’s stockholders; the ability of VectoIQ or the combined company to issue equity or equity-linked securities or obtain debt financing in connection with the transaction or in the future, and those factors discussed in VectoIQ’s final prospectus dated May 15, 2018 and Annual Report on Form 10-K for the fiscal year ended December 31, 2018, in each case, under the heading “Risk Factors,” and other documents of VectoIQ filed, or to be filed, with the SEC. Eschewing a traditional initial public offering, Nikola agreed March 3 to merge with VectoIQ, a special-purpose acquisition company (SPAC) that raised more than $700 million from investors, money that Nikola will get to continue toward truck production. You couldn’t ask for better news for the energy and tech industry. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Kim Brady If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. The electric-truck maker -- once briefly more valuable than Ford Motor Co. -- closed down 6.2% at $9.65 in New York, bringing it below the $10 level at which VectoIQ Acquisition Corp… Reminds Stockholders to Vote in Favor of Business Combination With Nikola Corporation. Since Nikola launched its first fuel-cell semi-truck, you have seen the world rally behind hydrogen and follow our lead. What was once considered the fuel of the future is now accepted as today’s solution,” said Nikola’s Founder and Executive Chairman Trevor Milton. The merger will help speed the production of Nikola’s Kim Brady (847) 910-7460. kim.brady@nikolamotor.com 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. Request processing. The company expects to generate revenue by 2021 with the roll out of its BEV truck, followed by FCEV truck sales starting in 2023 and the initial build out of hydrogen fueling stations to serve Nikola customers’ fleets, such as Anheuser-Busch. “Nikola is thrilled to complete the Nasdaq listing and be part of the ESG investment world. Mr. Milton will serve as Executive Chairman of the combined company, continuing to lead the vision and forward-looking strategy. The company expects to generate revenue by 2021 with the roll out of its Nikola Tre Class 8 BEV, followed by the Nikola Two Class 8 FCEV starting in 2023. Colleen Robar Investors and security holders may obtain free copies of the preliminary proxy statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the U.S. Securities and Exchange Commission (the “SEC”) by VectoIQ through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: VectoIQ Acquisition Corp., 1354 Flagler Drive, Mamaroneck, NY 10543. Congratulations to Trevor and the Nikola team on this milestone, a definitive step toward a sustainable future. The boards of directors of both VectoIQ and Nikola have unanimously approved the proposed transaction. The business combination, which was approved on June 2, 2020 by VectoIQstockholders, further solidifies Nikola as a global leader in zero-emissionstransportation and infrastructure solutions. Cowen is serving as financial and capital markets advisor, and Greenberg Traurig, LLP is serving as legal advisor to VectoIQ. Nikola is a global leader in zero emissions heavy duty trucks and hydrogen infrastructure. To listen to the prepared remarks via telephone dial (855) 221-8297 (U.S.) and (563) 607-5050 (international callers/U.S. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. In connection with the transaction, VectoIQ intends to file a registration statement on Form S-4 (the “Registration Statement”) with the SEC, which will include a preliminary proxy statement to be distributed to holders of VectoIQ's common stock in connection with VectoIQ's solicitation of proxies for the vote by VectoIQ's stockholders with respect to the transaction and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Nikola's stockholders in connection with the transaction. “Nikola’s vision of a zero-emission future and ability to execute were key drivers in our decision.”. Investor Inquiries, please contact: No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. The business combination, which was approved on June 2, 2020 by VectoIQ stockholders, further solidifies Nikola as a global leader in zero-emissions transportation and infrastructure solutions. VectoIQ Acquisition Corp. (VTIQ), ... Trevor Milton, Founder and CEO of Nikola, will serve as Executive Chairman of the combined company. Nikola Corporation, which specializes in battery-electric and hydrogen trucks and powersports vehicles, announced March 3 they would merge with VectoIQ, a special purpose acquisition firm founded by former GM vice chairman Steve Girsky. Nikola common stock closed Wednesday at … More than $10 billion in pre-order leases to date and the joint venture with European industrial vehicle manufacturer IVECO make Nikola a formidable competitor to other OEMs (original equipment manufacturers). Steve Shindler 847-910-7460 In March 2020, Nikola announced its plans to merge with VectoIQ Acquisition Corporation (ticker VTIQ), a publicly traded special purpose acquisition company run … These forward-looking statements include, but are not limited to, statements regarding the company’s expected uses of proceeds from the business combination; potential future revenue; the company’s expectations for its trucks and hydrogen fuel cell network; market acceptance of hydrogen fuel solutions; and market opportunity. Cash proceeds raised in connection with the transaction, which will primarily be used to fund operations, support growth and for other general corporate purposes, will be funded through a combination of VectoIQ’s cash in trust and a $525 million private placement of common stock at $10.00 per share led by institutional investors including Fidelity Management & Research Company, ValueAct Spring Fund and P. Schoenfeld Asset Management LP. Nikola to use proceeds to accelerate its portfolio of battery-electric (BEV) and hydrogen fuel-cell electric vehicles (FCEV) targeting zero emissions globally, Nikola will build out a hydrogen station infrastructure to support its FCEV vehicles, Nikola has more than 14,000 pre-orders representing more than $10 billion in potential revenue and two-and-a-half years of production, Pro forma enterprise value of the merger is approximately $3.3 billion, Transaction includes a $525 million fully committed common stock PIPE at $10.00 per share anchored by institutional investors including Fidelity Management & Research Company, ValueAct Spring Fund and P. Schoenfeld Asset Management LP, The company will add Stephen Girsky, current CEO of VectoIQ and former Vice Chairman of General Motors Corporation, to its Board of Directors. Nikola and VectoIQ will host a joint investor conference call to discuss the proposed transaction today, Tuesday, March 3, 2020 at 8:30 am ET. VectoIQ Acquisition ( NASDAQ:VTIQ) said on Wednesday that its much-anticipated merger with electric heavy-truck maker Nikola Motor has closed, a … Prior to launching Nikola in 2015, Mr. Milton served as CEO of dHybrid Systems, a natural gas storage technology company. In addition to Milton, Nikola will continue to be led by its seasoned management team including Chief Executive Officer, Mark Russell; Chief Financial Officer, Kim Brady; Chief Legal Officer, Britton Worthen and Chief Human Resources Officer, Joseph Pike. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Prior to joining Nikola, Mr. Brady served as Senior Managing Director at Solic Capital, as well as CFO and General Manager at various companies in the manufacturing, business services and healthcare sectors. ABOUT VECTOIQ nicole.rose@nikolamotor.com After the reverse merger with VectoIQ Acquisition Corp VTIQ.O, the combined company will be named Nikola Corp and be valued at more than $3.3 billion, Nikola said. Many actual events and circumstances are beyond the control of Nikola and VectoIQ. After completion of the merger in the second quarter of 2020, the new company will […] “With our Nikola IVECO joint venture and over $10 billion in pre-order reservations, Nikola is positioned to be a wonderful story of how one company can literally change the world.”, Stephen Girsky, CEO of VectoIQ Acquisition Corp. added, “The VectoIQ team and I are proud to support Nikola in its transition to a public company. For more information, visit www.nikolamotor.com or Twitter @nikolamotor. Investors Nicole Rose To listen to the webcast, go to www.nikolamotor.com/investors. Nikola’s business model uniquely supplies both the truck and hydrogen fueling infrastructure, solving the fleets’ concerns of where to refuel with green hydrogen at competitive pricing to diesel. Key Company Stockholders. Nicole Rose If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. VectoIQ is sponsored by VectoIQ Holdings, LLC (including P. Schoenfeld Asset Management LP) and Cowen. Stockholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. PHOENIX (JUNE 3, 2020) -- (PRNewswire) -- Nikola Corporation today announced the completion of its previously announced business combination with VectoIQ Acquisition Corp. (NASDAQ: VTIQ), a publicly-traded special purpose acquisition company, and Nikola’s listing on the Nasdaq Global Select Market. The company will be known as Nikola Corp. and trade on the Nasdaq (NKLA). Accordingly, undue reliance should not be placed upon the forward-looking statements. Girsky founded VictoIQ in 2016 as a partner for companies dedicated towards developing autonomous and “mobility as a service” vehicles. When available, these documents can be obtained free of charge from the sources indicated above. He joined Nikola as President in 2019 and previously served as President and COO of Worthington Industries, a publicly-listed metals manufacturing company. Steve.shindler@nii.com For Nikola Corporation. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Prior to launching Nikola in 2015, Mr. Milton served as CEO of dHybrid Systems, a natural gas storage technology company. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about VectoIQ, Nikola and the transaction. For Nikola Corporation Nikola Corporation is globally transforming the transportation industry. Nikola has more than 14,000 pre-orders representing more than $10 billion in potential revenue and … Check the real-time NKLA stock price on the NASDAQ exchange and access historical data for VectoIQ Acquisition Corp. stock. VectoIQ and Nikola anticipate that subsequent events and developments will cause VectoIQ’s and Nikola’s assessments to change. Morgan Stanley served as financial advisor, and Pillsbury Winthrop Shaw Pittman LLP served as legal advisor to Nikola. Copyright  2021 Nikola Corporation, All Rights Reserved. Existing Nikola shareholders will receive 1,901 shares of VectoIQ stock for each of their Nikola shares. 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. We couldn’t be happier to have Steve Girsky join our board.”, “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,” said Stephen Girsky, CEO of VectoIQ and former Vice Chairman of General Motors Corporation. FORWARD LOOKING STATEMENTS Nikola and VectoIQ Acquisition Corp. However, while VectoIQ and Nikola may elect to update these forward-looking statements at some point in the future, VectoIQ and Nikola specifically disclaim any obligation to do so. Analysts The transaction proceeds are expected to accelerate vehicle production, allow Nikola to break ground on its state-of-the-art manufacturing facility in Coolidge, Arizona, and continue its hydrogen station infrastructure roll out. Additional information about the proposed transaction, including a copy of the business combination agreement and investor presentation, will be provided in a Current Report on Form 8-K that will contain an investor presentation to be filed by VectoIQ with the Securities and Exchange Commission and available at www.sec.gov. This is a significant endorsement in fuel-cell and battery-electric technology. NIKOLA CORPORATION-Investoren interessieren sich auch für diese News. These forward-looking statements should not be relied upon as representing VectoIQ’s and Nikola’s assessments as of any date subsequent to the date of this press release. Upon the closing of the transaction, the combined company will be named Nikola Corporation and is expected to remain NASDAQ-listed under the new ticker symbol “NKLA.”. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. 703-906-3311 These forward-looking statements speak only as of the date hereof and Nikola specifically disclaims any obligation to update these forward-looking statements. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by VectoIQ Acquisition Corp… Trevor Milton, Founder and CEO of Nikola stated: “We are on a roll. For VectoIQ Acquisition Corp. Steve Shindler (703) 906-3311. investors@nikolamotor.com VectoIQ shares begin trading under the ticker NKLA on Thursday. ABOUT NIKOLA CORPORATION VectoIQ Acquisition Corp. For Media Inquiries, please contact: These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. The combined company’s shares to continue to be listed on Nasdaq under new ticker symbol “NKLA”, Nikola raises more than $700 million through the business combination and PIPE, which includes Fidelity Management & Research Company, ValueAct Spring Fund and P. Schoenfeld Asset Management LP, Raised capital expected to accelerate Nikola’s production of battery-electric (BEV) and hydrogen fuel-cell electric vehicles (FCEV), Nikola’s pre-orders represent more than $10 billion in potential revenue, Nikola’s hydrogen network anticipated to cover North America; set to become the largest hydrogen network in the world, Nikola adds Stephen Girsky, current CEO of VectoIQ and former Vice Chairman of General Motors Corporation, to its Board of Directors. Copyright  2021 Nikola Corporation, All Rights Reserved. 480-660-6893 Nikola Corporation, a Global Leader in Zero Emissions Transportation Solutions, to Be Listed on NASDAQ Through a Merger With VectoIQ. crobar@robarpr.com. We now need to double down and speed up the timelines and get to market. Kim Brady, currently the CFO at Nikola, will continue in that role post-close. Mark Russell, who has more than 20 years of experience building and managing companies in the manufacturing industry, will serve as the CEO of Nikola. Current Nikola stockholders will remain majority owners of the combined company at closing. toll) and enter the conference ID number 340055#. Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. For VectoIQ The plaintiff alleges that the … Nikola Corporation is globally transforming the transportation industry. "With our Nikola IVECO joint venture and over $10 billion in pre-order reservations, Nikola is positioned to be a wonderful story of how one company can literally change the world."
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