After three attempts and a change in Delaware law, EV truck maker Nikola was able to get enough shareholders to vote on a proposal that will allow it to issue more shares.
Nikola said Thursday it received the requisite number of votes to pass a proposal that authorizes the board to issue more shares. If investors bite, Nikola could raise the capital it says it needs to keep operations running and ramp up commercial production. Â
Companies incorporated in Delaware that wanted to issue more shares used to need more than 50% of all outstanding shares to vote in favor of the proposal. Under the change that went into effect Augu …
