Nikola Investor Day Presentation Deck
WILLIAM C. ASKED:
"If proposition 2 is passed, will you use the extra shares for capital immediately, diluting the stock, or on an
as needed basis?"
NIKOLA
NIKOLA RESPONSE:
Kim Brady, CFO, at Q2 2022 Earnings Call:
A great question because it allows us to discuss something here on a topic on
which many investors had asked us for clarification during the voting process.
As you may know, Proposition 2 passed. But we feel that this is still a very
relevant question because many people were not aware of what our
committed share count was for coming into the end of Q2. While our fully
diluted number of shares stood at 495 million on June 30, if we included the
committed shares of options, RSUs and warrants as well as reserve share for
our e-lock and convertible notes, their share count came very close to 570
million shares.
This left us with a sufficient number of shares to acquire Romeo without having
to come to market, so the increase in the authorized number of shares that
was just approved will not be used to fund our merger with Romeo. Having
said that, the 200 million shares increase in the authorized number of shares
will leave us with the flexibility to pursue future capital raising opportunities.
NIKOLAView entire presentation