Nikola failed for the second time since June to get enough shareholders to vote on a proposal that would allow the EV truck maker to issue more shares in a bid to raise more capital.
The company said Thursday it adjourned its annual meeting of shareholders until August 3 when it will try once more to attract enough shareholders to vote for the measure. The company is required to secure more than 50% of all outstanding shares to vote in favor of the proposal.
Nikola failed to get enough votes at its June 7 meeting and pushed the vote to July 6.
This next time may prove fruitful for Nikola thanks to a change in Delaware law that’s expected to go into effect August 1. Under the change, companies incorporated in Delaware that want to increase the number of shares wo …
