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Tesla is building a new in-house, full-scale legal team

Teslarati

Tesla is taking an interesting approach with its Legal Department by building a “full-scale internal litigation and trial team,” according to General Counsel and Corporate Secretary for the automaker, Brandon Ehrhart. It is an interesting approach to the legal side of things.

Legal 135
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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. 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
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Nikola executes reverse merger with VectoIQ; now to be listed on NASDAQ; BEV and FCEV trucks

Green Car Congress

Nikola Corporation, a designer and developer of BEV and FCEV Class 8 trucks is executing a reverse merger with VectoIQ Acquisition Corp. Upon the closing of the transaction, the combined company will be named Nikola Corporation and is expected to remain NASDAQ-listed under the new ticker symbol “NKLA.”. VectoIQ Acquisition Corp.

Hydrogen 397
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Hyliion and Tortoise Acquisition to merge, combined company to remain listed on NYSE

Green Car Congress

Thomas Healy, CEO and founder of Hyliion, will continue as CEO of the combined company, overseeing the implementation of Hyliion’s corporate strategy. per share PIPE subscription price and assuming no public shareholders of Tortoise Acquisition Corp. is serving as legal advisor to Tortoise Acquisition Corp.

Companies 220
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Koch invests $252M in Compass Minerals to support development of lithium brine project in Utah; ESM for DLE

Green Car Congress

Compass Minerals expects to use the remaining $52 million of proceeds from the KM&T investment, less transaction expenses, to reduce debt, representing a significant step toward aligning the company’s capital structure with its corporate growth strategy. The issuance price represents a 6.2% discount to the closing price and an 8.0%

Utah 195
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Comment on Nio gives over 230,000 sales forecasts for 2024 to supply chain, Xpeng 280,000, Li Auto 800,000, report says by John Hanna

CN EV Post

Many will have sold already at various times out of disappointment and fear for the future of NIO when, having bought based on corporate claims of high confidence in YOY rate of unit sales growth - it became evident the truth was much different. Now, be a good little sucker and go away quietly. your savings shrunken". your savings shrunken".

Sale 73
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Energy Conversion Devices files Chapter 11, seeks sale of businesses; Ovonic Battery Company sold to BASF Corporation

Green Car Congress

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. Earlier post.) Chapter 7 for SIT.