article thumbnail

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. The notes will be convertible at an initial conversion price to be determined prior to closing. —Nikola CFO Kim Brady. Citigroup Global Markets Inc.

Convert 186
article thumbnail

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

Green Car Congress

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.

Utah 195
article thumbnail

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. Ovonyx is a joint venture with its co-founder Tyler Lowrey and its shareholders include Intel Corporation.

article thumbnail

Stellantis Investors Fume Over CEO Pay Amid Job Cuts, Plant Closures, Supplier Strife

The Truth About Cars

Investors, in particular European ones, are becoming increasingly sensitive to social aspects of corporates [sic],” Charles Pinel, CEO of Proxinvest, told Bloomberg in a recent interview. Legal challenges have also been raised on behalf of the manufacturer.

Legal 116
article thumbnail

Alberta Climate Change and Emissions Management (CCEMC) Corporation Awarding C$37.5 Million in Funding for Renewable Energy Projects from Biofuels to Home Generation

Green Car Congress

Alberta, Canada’s Climate Change and Emissions Management (CCMEC) Corporation is awarding more than C$37.5 Since 2007, Alberta companies that annually produce more than 100,000 tonnes of greenhouse gas emissions are legally required to reduce their greenhouse gas intensity by 12%. Enmax Corporation , C$14.5 million (US$36.6

article thumbnail

US and Russia sign agreement to further research and development collaboration in nuclear energy and security

Green Car Congress

US Secretary of Energy Ernest Moniz and Director General of the Russian Federation State Corporation “Rosatom” Sergey Kirienko signed an agreement between the governments of their two countries on cooperation in nuclear- and energy-related scientific research and development.

Russia 252
article thumbnail

Hidden Cameras: What Travelers Need to Know

Baua Electric

Reasonable expectation of privacy’ Though regulations vary by state, more legal protections cover nonconsensual videotaping in private areas such as bedrooms and bathrooms. Legal and security experts believe such invasions are the exceptions, considering the millions of people who travel daily, but that they warrant vigilance.

Legal 52