Announced
Completed
Synopsis
VectoIQ, a publicly-traded special purpose acquisition company, completed the merger with Nikola, an American hybrid truck design and manufacture company. Financial terms were not disclosed. "Nikola is thrilled to complete the Nasdaq listing and be part of the ESG investment world. This is a significant endorsement in fuel-cell and battery-electric technology. Since Nikola launched its first fuel-cell semi-truck, you have seen the world rally behind hydrogen and follow our lead. What was once considered the fuel of the future is now accepted as today's solution. With our Nikola IVECO joint venture and over $10bn in pre-order reservations, Nikola is positioned to be a wonderful story of how one company can literally change the world," Trevor Milton, Nikola Founder and Executive Chairman.
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