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

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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. 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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Koch Minerals & Trading, LLC (KM&T), a diverse global trading, logistics and investment company and subsidiary of Koch Industries, Inc. KII), is making a $252-million investment in Compass Minerals, a leading global provider of essential minerals, to support phase-one development of its previously identified 2.4

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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. 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. On 13 February ECD sold its majority owned subsidiary, Ovonic Battery Company, Inc. Earlier post.)

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IEEE President’s Note: Investing in IEEE’s Financial Future

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We, the IEEE Board of Directors, are the fiduciaries responsible for steering the organization toward a sustainable future by adopting sound, ethical, and legal governance and financial management policies, as well as ensuring IEEE has adequate resources to advance its mission and vision. In May we rolled out NextGen Financials.

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How the Huawei Fight is Changing the Face of 5G

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US sanctions targeting China's telecommunications giant Huawei Technologies have crippled the company, effectively forcing it out of the global smartphone market and now threatening its domestic phone business as well. What's at stake is control of international 5G networks, which are expected to transform global communications.

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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

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The 1979 Iranian crisis and related oil price shock accelerated Brazil’s conversion of its gasoline supply and automobile fleet. As oil prices decreased in the 1990s, the consumer acceptance of hydrous ethanol fueled cars greatly decreased and purchases of gasoline fueled automobiles returned to previous levels. 40 CFR § 80.27

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How Police Exploited the Capitol Riot’s Digital Records

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IEEE Spectrum analyzed hundreds of criminal complaints and other legal filings from the Capitol attacks to understand that reach and scale, and to consider the legal and social consequences of the government’s power to delve into its citizens’ digital lives. “The FBI did not use anything new. They just used it at a much larger scale.”

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