Nikola Corp Inc. Is Expected To Report A Loss Of 22 Cents Per Share On revenue Of $15.43 Million.

 Nikola Corporation logo is seen in the background of a silhouetted woman holding a mobile phone. The amendment will change the required votes from a majority of the outstanding common stock to a majority of the shares actually voting on the proposal. RAFAEL HENRIQUE/SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES.

Last month, Nikola’s 2023 annual meeting of sharehZenger News was adjourned to Aug. 3 after the company did not receive enough votes to approve its proposal to increase the number of authorized shares of its common stock. 

A proposed amendment to Section 242 of the Delaware General Corporation Law is expected to be effective when the meeting reconvenes. The amendment will change the required votes from a majority of the outstanding common stock to a majority of the shares actually voting on the proposal.