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Vectoiq Warrant Agreement

PHOENIX, July 22, 2020 /PRNewswire/ — Nikola Corporation (Nasdaq: NKLA; NKLAW) (“Nikola” or “the Company”) announced today that the Company has announced that all of its outstanding warrants (the “Public Warrants”) for the purchase of common shares of the Company with a par value of $0.0001 per share (the “Common Shares”) that were granted under the Warrant Agreement dated May 15, 2018 (the “Warrant Agreement”) will be withdrawn from and between VectoIQ Acquisition Corp. (“VectoIQ”) and continental Stock Transfer & Trust Company. as a warrant agent (the distorting agent) and which are still pending at 17:00.m. New York City time, August 21, 2020 (“Withdrawal Date”) for a withdrawal price of $0.01 per public warning (the “Withdrawal Price”). Warrants for the purchase of common shares issued under the Warrant Agreement in connection with a private placement and still held by the original holders or their authorized purchasers are not subject to such withdrawal. The Business Combination Agreement contains guarantees, guarantees and usual assurances of (a) to the company and (b) VectoIQ and Merger Sub, which include their ability to enter into the Business Combination Agreement and their ongoing capitalization. The company has accepted the usual “non-shop” obligations, which are subject to a usual “trust-out”.