Nikola Motors (NKLA) IPO Stock Ticker Symbol VTIQ

March 5, 2020 - If you missed the news this week, Nikola Motors ticker symbol will soon be NKLA.  Nikola Motors is seeking approval to merge with VectoIQ Acquisition Corp which is the new way to IPO. VectoIQ Acquisition Corp. (VTIQ) will then become Nikola Motors and the ticker symbol will change to NKLA.

-With VTIQ stock trading at $15, the combined company is currently worth just shy of $5 billion.

-The Nikola-VectoIQ transaction, expected to close in the second quarter of 2020, has been approved by the boards of both companies.  The merged company will be led by Trevor Milton, CEO of Nikola, and controlled by Nikola shareholders.

-According to Nikola, the company has $10 billion worth of back orders for their trucks.

-Nikola builds Semi-Trucks and Pick-Up trucks powered by batteries and hydrogen.