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Nikola announces $200M convertible senior notes investment; approx. $1B cash and liquidity position

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The notes will be convertible at an initial conversion price to be determined prior to closing. Upon conversion, Nikola will have the right to settle the Notes in cash, shares, or any combination thereof at its election. Davis Polk & Wardwell LLP served as legal advisor to Citigroup Global Markets Inc.

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Koch invests $252M in Compass Minerals to support development of lithium brine project in Utah; ESM for DLE

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Additionally, early conversion testing of Compass Minerals’ brine across a wide range of operating parameters has provided confidence in the scalability of the planned DLE facility to be located at Compass Minerals’ operations in Ogden, Utah. Jones Day acted as legal advisor for KM&T.

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bp begins producing SAF by co-processing used cooking oil at Lingen refinery

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Fats, Oils and Greases (FOG) co-processing is one of nine ASTM-approved conversion processes for SAF production. This is the first industrial production facility in Germany to use this process for SAF production based on biomass waste and residues.

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Continental presents action plan for immediately reducing lead in electronic components in cars

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Continental has submitted a plan of action to the Lower Saxony Ministry for the Environment, Energy, Construction and Climate Protection with which the company intends immediately to reduce the lead content in some of its electronic components to legally prescribed maximum quantities in accordance with the End of Life Vehicles Directive.

Legal 207
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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

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51-year-old Energy Conversion Devices, Inc. ECD has retained Honigman Miller Schwartz and Cohn LLP as legal counsel and AlixPartners as financial advisors to assist the company in the Chapter 11 process.

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Ford unveils all-electric F-100 Eluminator concept with new EV crate motor customers can now buy

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Each Eluminator e-crate motor produces 281 horsepower and 317 lb-ft (430 N·m) of torque and is street-legal in all 50 states. Retailing at $3,900, it is targeted for builders looking for a transverse-oriented powertrain to electrify a range of vehicles from modern to vintage cars, trucks and SUVs.

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FreeWire Technologies raises $125M in Series D; battery-integrated ultrafast EV charging stations

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FreeWire’s fully-integrated Boost Charger breaks down this barrier by combining battery technology, power conversion technology, and software to enable utilities, retailers, fleets, and site-owners across the US to scale up ultrafast EV charging quickly without requiring expensive and time-consuming utility upgrades.

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