Nikola (NKLA) is trading lower after announcing plans for a $100M secondary stock offering. Jenny Horne discusses this as NKLA is heading toward a record-low close. She talks about how NKLA's offering will be at $1.12 per share, which is a 20% discount from Thursday closing pricing. NKLA plans to use the money raised for working capital and other uses. Tune in to find out more about the stock market today.
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