Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
09.13.24
Pillsbury has advised Nikola Corporation on a securities purchase agreement for the sale of up to $160 million in convertible notes. Nikola is an American manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles and energy solutions.
The company concluded an initial closing for the sale of $80 million in notes in late August. According to the filing, Nikola estimates the net cash proceeds from the closing to be approximately $74.3 million.
The Pillsbury deal team was led by Corporate partner Stan Pierson and Capital Markets partner Gabriella Lombardi and included Finance special counsel Jin Kim and Corporate associates Kristin Garr and Tess Beimler.