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https://www.wsj.com/articles/nikola-shareholders-reject-plan-for-more-stock-shares-b3b69cc

Nikola Shareholders Reject Plan for More Stock Shares

Electric-vehicle maker needs cash for truck production

By Bob Tita
The Phoenix-based company is running low on cash to maintain operations. Photo: Rob Schumacher/The Republic/USA TODAY NETWORK/Reuters

Nikola shareholders rejected the company’s proposal to issue more stock shares, raising pressure on the struggling electric-truck maker as it tries to raise more cash to start production. 

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.