This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ501XD_L.jpg
A reverse stock split consolidates the number of existing shares into fewer shares.
Nikola, which closed at about 57 cents on Thursday, said last week it received a delisting notice from the stock exchange.
Nasdaq requires shares trade above $1 and sends a notice if one trades below that mark for 30 consecutive business days.
Lohscheller’s comments were made in a webcast to answer shareholder questions.
