Nikola Corporation, a leader in the design and development of BEV and FCEV class 8 semi-trucks, along with VectoIQ Acquisition Corp. (VTIQ), a publicly-traded special purpose acquisition company, announces that the two companies have entered into a definitive agreement to create a company focused on the development of next generation smart transportation. Upon the closing of the transaction, the combined company will be named Nikola Corporation and is expected to remain NASDAQ-listed under the new ticker symbol "NKLA."

It's not hard to figure out why: VectoIQ, a special purpose acquisition company (or "SPAC") led by former General Motors (NYSE: GM) vice chairman Steve Girsky, is expected to complete a merger with privately held Nikola Motor in June -- and Nikola Motor is a leader in the race to build zero-emission semi trucks. Sure, we've all heard a lot about Tesla's (NASDAQ: TSLA) oft-delayed Semi, which Tesla now says will go into "limited production" (whatever that means) sometime in 2021. Meanwhile, Nikola is racking up preorders for a battery-powered truck with good specifications that really will ship in 2021 -- and a hydrogen fuel-cell version that will follow in 2023.

Zach Fisher, Managing Director, TMT Investment Banking Special purpose acquisition companies, or SPACs, now account for approximately one fourth of the entire U.S. IPO market, a result of higher-quality participants, from investment banks to private-equity firms, giving the product validation. A growing percentage of these SPACs have affiliation with an alternative asset manager. In IPO […]

Shares of VectoIQ Acquisition (NASDAQ: VTIQ) were up again on Tuesday, as the company closed in on its much-anticipated merger with electric heavy-truck maker Nikola Motors. As of 11:45 a.m. EDT today, VectoIQ's shares were up about 20.6% from Monday's closing price, and up about 86% since the beginning of May. VectoIQ is a holding company led by former General Motors vice chairman Steve Girsky.

If you want to know who really controls VectoIQ Acquisition Corp. (NASDAQ:VTIQ), then you'll have to look at the...

Nikola announced Tuesday it was merging with VectoIQ Acquisition Corp., a publicly traded special purpose acquisition company.

Chris Weekes, Tim Manning, and Zach Fisher of Cowen Inc. By John Jannarone Not long ago, the special-purpose acquisition company, or SPAC, was a fledgling vehicle considered a second-rate path to the public markets. But in the last several years, issuance of SPAC IPOs has exploded, rivaling major asset classes and accounting for a quarter […]

Above: A Hydrogen Powered Truck from Nikola Corporation, Which Is Merging with VectoIQ Acquisition Corp. By John Jannarone Since the coronavirus crisis drove the market to multiyear lows, the flow of initial public offerings has ground to a veritable halt. That is, except, for special purpose acquisition companies, or SPACs. Some $2.7 billion has been […]

Shares of VectoIQ Acquisition (NASDAQ: VTIQ) closed higher on Tuesday, as the stock resumed its upward run ahead of the closing of its merger with electric big-rig truck maker Nikola Motor. Shares of VectoIQ, a special-purpose acquisition company that is set to merge with Nikola Motor next month, have had a wild run since the beginning of May. The stock took a dive last week, but it resumed its upward run on Tuesday. VectoIQ, led by former General Motors (NYSE: GM) vice chairman Steve Girsky, has set out to bring together a group of companies building the future of mobility.

What happened Shares of VectoIQ Acquisition (NASDAQ: VTIQ) traded lower for a second day on Friday, amid signs that some traders may have been taking profits on a stock that had more than doubled in value since the beginning of the month.

Another special-purpose acquisition company is seeing its stock soar, but a happy ending is far from assured.

Shares of VectoIQ Acquisition (NASDAQ: VTIQ) opened sharply lower on Thursday, following a Reuters report that Tesla (NASDAQ: TSLA) will soon reveal a new low-cost electric-vehicle battery technology. As of 10 a.m. EDT today, VectoIQ's shares were down about 13.2% from Wednesday's closing price. If you're reading this, you probably know that VectoIQ is expected to merge with electric heavy-truck maker Nikola Motor next month, and that auto investors have been trading VectoIQ's shares as a proxy for privately held Nikola in the meantime.

What happened Shares of VectoIQ Acquisition (NASDAQ: VTIQ) were up on Tuesday, as the stock continued to gain momentum ahead of an expected merger with electric-semi maker Nikola Motor next month. As of 12:45 p.

Shares of VectoIQ Acquisition (NASDAQ: VTIQ) were rising sharply again on Wednesday morning, up 18.2% as of 10:45 a.m. EDT, as investor interest continued to be very strong ahead of its merger with electric-truck maker Nikola Motors. The good news for those of us who aren't quite sure how to pronounce "VectoIQ" is that the company's name is expected to change next month, when its planned merger with Nikola Motors is scheduled to close. It's the chance to buy shares in Nikola that has auto investors excited about VectoIQ right now.

When it comes to investing in small up-and-coming businesses, picking just one or two usually won't suffice. For my latest batch of purchases in the wake of the coronavirus-fueled economic crisis, I scooped up shares of Livongo Health (NASDAQ: LVGO), Cloudflare (NYSE: NET), Fastly (NYSE: FSLY), Repay Holdings (NASDAQ: RPAY), and VectoIQ Acquisition (NASDAQ: VTIQ) (set to become Nikola). A few years ago, I purchased a tiny but up-and-coming stock called Teladoc Health, thinking that medical care delivered via an internet connection had a bright future.

The IPO market may remain active in weeks to come despite coronavirus-fueled concerns, thanks mostly to successful deals by special purpose acquisition companies, or SPACs, that have a unique appeal to investors. That's according to IPO Edge Editor-in-Chief John Jannarone, who joined Cheddar TV late Monday in an interview with Brad Smith. Some 84% of […]

Shares of VectoIQ Acquisition (NASDAQ: VTIQ) were up sharply on Friday on growing investor interest in the company's pending merger with electric tractor-trailer maker Nikola Motors. As of 1:30 p.m. EDT, VectoIQ's shares were up about 21.4% from Thursday's closing price. There's no big news moving the shares of VectoIQ, which at the moment is just a holding company led by former General Motors vice chairman Stephen Girsky.

VectoIQ Acquisition Corp. (NASDAQ: VTIQ) ("VectoIQ" or the "Company"), a publicly-traded special purpose acquisition company, reminds stockholders to vote in favor of the approval of the Company's proposed business combination with Nikola Corporation ("Nikola"), a leader in the design and development of BEV and FCEV class 8 semi-trucks, and the related proposals to be voted upon at the Company's special meeting in lieu of annual meeting of stockholders scheduled to be held on June 2, 2020, as described in the Company's proxy statement/prospectus/information statement dated May 8, 2020 (the "Proxy Statement").