Latham & Watkins Advises on Nikola Corporation’s Offerings of Common Stock and Convertible Senior Notes

Nikola Corporation (Nasdaq: NKLA), an integrated truck and energy company, has announced the pricing of its concurrent public offerings of 133,333,334 shares of common stock, at a public offering price of US$0.75 per share, and US$175,000,000 aggregate principal amount of 8.25% Green Convertible Senior Notes due 2026. The issuance and sale of the common stock and the Notes are scheduled to settle on December 12, 2023, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by partners Greg Rodgers and Arash Aminian Baghai, with associates Ryan Gold, Giulia Franzoso, Andrew Bentz, and Erin Gilgen. Advice was also provided on tax matters by partner Elena Romanova, with associate Michael Yu; and on green bond matters by partner Betty Huber, with associate Karmpreet Grewal.