20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Nikola Corp (NASDAQ:NKLA) has entered into a securities purchase agreement with the investors to sell up to $325 million in aggregate principal amount of senior convertible notes in a registered direct offering.
The notes are convertible into shares of the company’s common stock, $0.0001 par value per share.
The company expects to consummate an initial closing for the sale of $125 million in aggregate principal amount of notes on or about August 21, 2023.
The offering is being made by the company directly to the investors, without an underwriter or placement agent and will not pay any selling commission to any party in connection with the offering.
The company estimates that the net cash proceeds from the initial closing of the offering will be approximately $124.5 million.
Each note will accrue interest at a rate of 5.0% per annum, payable in arrears on the first calendar day of each calendar quarter, beginning January 1, 2024.
In addition, as a requirement to the initial closing, the company agreed to terminate that certain Common Stock Purchase Agreement with Tumim Stone Capital LLC dated September 24, 2021.
Price Action: NKLA shares are trading lower by 11.22% at $1.74 in premarket on the last check Monday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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