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Day: July 1, 2022

Jul 01
Nikola adjourns shareholder meeting, still short of support share issuance

Electric-truck maker Nikola Corp. NKLA, +0.85% adjourned its shareholder meeting for a second time to July 18 after a key proposal failed to pass, the company said Thursday. Nikola has sought to increase its authorized number of shares to 800 million, from the about 600 million it has, potentially to raise capital. Of those 600 […]

Jul 01
FTX nears deal to acquire BlockFi for $25 million, reports say

Digital asset exchange FTX is nearing a deal to acquire crypto lender BlockFi for $25 million, or a 99% discount to its most recent private-market valuation, according to a report in CNBC. The deal could take months to close, according to the report, but a term sheet could be signed by the end of this […]

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