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June 2 (Reuters) – Nikola Corp’s (NKLA.O) founder Trevor Milton voted against the electric powered automobile company’s proposal to problem new shares at the company’s annual standard conference, a Bloomberg News report on Thursday, citing resources.
Milton’s vote, which threw the consequence into doubt, led to the determination to immediately adjourn the conference, in order to let the company time to solicit extra proxies in favor of the proposal, the report reported.
The electric-truck maker mentioned in a filing it adjourned the conference to June 30 to solicit proxies to move in advance with the proposal to maximize the company’s prevalent inventory to 800,000 from 600,000. (https://little bit.ly/3t9tYpS)
Nikola declined to comment on the make a difference and Milton’s lawyer did not right away respond to a Reuters request for comment.
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Reporting by Akash Sriram in Bengaluru Modifying by Amy Caren Daniel and Krishna Chandra Eluri
Our Criteria: The Thomson Reuters Trust Concepts.