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

Green Car Congress

Nikola Corporation announced that an institutional investor has agreed to make a $200-million investment in Nikola through the purchase of Convertible Senior Notes. Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026.

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How Corporations Can Help the U.S. Reach its EV Goals

Clean Fleet Report

How Corporations Can Help the U.S. Meanwhile, the electrification of city- and corporate-owned vehicles has been dominating recent headlines. And large corporations like Amazon aren’t the only ones currently converting their fleets from gas to electric. News and World Report recently posed the question: will the U.S.

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Tesla to raise about $1.15 with offerings of common stock and convertible senior notes

Green Car Congress

Tesla announced offerings of $250 million of common stock and $750 million aggregate principal amount of convertible senior notes due in 2022 in concurrent underwritten registered public offerings. In addition, Tesla has granted the underwriters a 30-day option to purchase up to an additional 15% of each offering.

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Omnitek Engineering enters into agreement with refuse collection company to convert diesel engines to natural gas

Green Car Congress

Werner Funk, president and chief executive officer of Omnitek Engineering, noted this customer’s nationwide commitment to convert all of its more than 18,000 refuse collection trucks to operate on natural gas through a multi-year program comprised of diesel engine conversions and the purchase of new natural gas trucks.

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

Green Car Congress

51-year-old Energy Conversion Devices, Inc. OBC), to BASF Corporation for the gross purchase price of $58 million in cash before transaction fees, minority participations, and working capital and other adjustments. million in outstanding 3% Convertible Senior Notes due 2013. Earlier post.) Sale of United Solar.

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Ideanomics’ Mobile Energy Group and Petro China partner to develop clean energy fuel stations in Nanjing

Green Car Congress

and its strategic Mobile Energy Group (MEG) announced a strategic partnership with the China National Petroleum Corporation Nanjing (CNPC or PetroChina) to begin converting existing fossil fuel gas stations in the city of Nanjing. Ideanomics Inc. PetroChina operates gas stations throughout Jiangsu province.

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Twelve and Alaska Airlines to collaborate with Microsoft to advance sustainable aviation fuel derived from recaptured CO2 and renewable energy

Green Car Congress

E-Jet is produced by Emerging Fuels Technology’s (EFT) technology to convert the syngas from Twelve into drop-in jet fuel. In March, Shopify, one of the largest corporate purchasers of long-term carbon removal, announced the first purchase of E-Jet® through the company's Sustainability Fund.

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