NewQ1 2026 Clean Energy Deal Intelligence Report is live
M&AClosedJune 3, 2020

Nikola Corp — electric/hydrogen trucks (NKLA on NASDAQ)

Nikola completes VectoIQ SPAC merger ($3.3B EV). NASDAQ: NKLA from June 4, 2020. Subsequent SEC investigation; CEO Trevor Milton resigned Sept 2020.

$3.30B

Deal Value

Hydrogen & Fuel Cells

Technology

AZ

Location

Deal Details

Deal Type
Corporate M&A
Seller / Sponsor
Nikola Corp
Buyer / Financier
VectoIQ Acquisition Corp + PIPE
Offtaker
VectoIQ Acquisition Corp + PIPE
Deal Value
$3.3B implied EV
Stage
Operating
ISO/RTO
WECC

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