Nkla Stock Merger

Motley fool returns.

Nkla stock merger. Nkla stock has a price to book p b ratio of 1 28. Arizona startup nikola is going to become a publicly traded company on the nasdaq stock exchange as it tries to grow into a zero emission big rig giant. After completion of the merger in the second quarter of 2020 the new company will be called nikola corporation and will trade on the nasdaq under the ticker symbol nkla nikola motor said in a press release. Driven by high demand for hydrogen trucks its strong technology the sale of services and its likely partnership with gm nikola has a bright future.

This implies that nkla stock value is like. The bottom line on nkla stock. Nikola nkla stock is trading up 2 9 friday morning at 34 80. Remember the stock market is closed on thursday for thanksgiving.

The merger brings some executive level changes. It was a quiet session on wednesday the last full day of trading this week. Another electric vehicle maker fisker which is coming to the public markets via a spac ipo reverse merger with released a video of its 2022 ocean vehicle driving in the wilderness. The nikola name will remain and it will be listed on the nasdaq under the new ticker symbol nkla.

With the merger complete nikola motors has now become a wholly owned subsidiary of vectoiq with the combined entity adopting the name nikola corporation nasdaq nkla. 4 top stock trades for friday. The company has developed multiple hydrogen. Its shares which more than doubled in value in may as investors rushed to secure positions ahead of the merger will begin trading under the ticker symbol nkla on thursday.

Track the stock here. The quick entry to the stock market was made possible via a merger with the already listed company vectoiq acquisition corporation. Completed its reverse merger and debuted via a spac ipo.