Nikola Company ( NASDAQ: NKLA ) adjourned its shareholder conference once again to vote upon Proposal 2 to increase the amount of outstanding shares to 800M from 600M.
The new election is set for July eighteen to give shareholders more time to register their own votes
The business said Nikola stockholders have got voted overwhelmingly in favor of Offer 2, with the exception of the election of a stockholder who seems to represent more than 85% from the votes against Proposal second .
NKLA statement: “Approving Proposal 2, which needs a majority of all outstanding typical stock to pass, is very important. Around this morning, more than 48% of most outstanding shares have been the very best in favor of Proposal 2, departing less than 2% of excellent shares to be voted for this proposal to pass. A lot more than 112 million shares have never yet been voted. inch
Nikola founder Trevor Milton is the largest owner of Nikola ( NKLA ) stock.
Last week, the Department associated with Justice charged Milton within a superseding indictment of defrauding the prior owner of their Utah ranch. Milton has already been scheduled to go on trial the following month on charges he usually misled investors about the condition of Nikola’s ( NKLA ) business.
Shares of Nikola ( NKLA ) flower a few. 71% within mid-day trading on Thurs.