Nikola(NKLA, $15.80) files to sell $100 million shares

Nikola  has filed to sell $100 million worth of shares in a secondary offering.

The proceeds from the stock sale will be used for general corporate purposes, such as potentially providing funds to complete the company's Arizona manufacturing facility, and for developing electric and fuel cell commercial and hydrogen-station infrastructure. 

Last month, Nikola revealed details about its hydrogen fuel cell electric commercial truck program. It unveiled trucks with ranges from 500 miles to 900 miles.  It has plans to introduce fuel-cell-electric-vehicle variants of the Nikola Tre Cabover, the Nikola Tre FCEV and the Nikola Two FCEV Sleeper in the North American market.

The company had posted its fourth-quarter results late last month, that showed a narrower-than-expected adjusted quarterly loss.

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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.