# Nikola to merge with VectoIQ and list on NASDAQ

Nikola Corporation, a developer of zero-emission heavy-duty trucks, will merge with VectoIQ Acquisition Corp. The deal values the combined company at $3.3 billion and includes a $525 million PIPE investment.

- Type: Acquisition
- Announced: 2020-03-03
- Where: United States
- Value: $3.30B
- Status: announced
- Products: battery-electric trucks, hydrogen fuel-cell trucks, hydrogen fueling stations
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nikola](https://endata.com/companies/43688.md) (target)
- [VectoIQ Acquisition Corp.](https://endata.com/companies/45674.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/nikola-corporation-a-global-leader-in-zero-emissions-transportation-solutions-to-be-listed-on-nasdaq-through-a-merger-with-vectoiq-301015188.html), 2020-03-03: "Nikola Corporation, a leader in the design and development of BEV and FCEV class 8 semi-trucks, along with VectoIQ Acquisition Corp., announces that the two companies have entered into a definitive agreement to create a company focused on the development of next generation smart transportation."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.