Nikola stock falls after company files for share offering

Nikola Corp.
NKLA,
+0.24%

has filed to promote $100 million price of shares, and the stock fell more than 3% within the extended session Monday after ending the conventional Trading day up 0.2%. Proceeds will likely be frail for general corporate functions, “which would perhaps perhaps encompass providing funding to total our Arizona manufacturing facility,” to boot to the continuing pattern of industrial electric and fuel-cell industrial and hydrogen-build infrastructure, Nikola stated. Nikola had fourth-quarter results behind closing month, reporting a narrower-than-anticipated adjusted quarterly loss.

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