Electric heavy-truck maker Nikola will find out later Thursday whether its shareholders have approved its plan to raise money by selling more stock.
Nikola first put the plan to its shareholders at its annual meeting in June.
While 77% of those who voted were in favor, there weren't enough total shares voted to pass the proposal.
This isn't the first time that Nikola has had to adjourn a shareholder meeting to drum up more votes for a proposal to sell new stock.
Last year's annual meeting was adjourned three times before Nikola won enough votes to raise its total shares outstanding to 800 million from 600 million.
Persons:
Nikola, adjourn
Organizations:
California Transportation
Locations:
Delaware, California