0001011438-25-000151.txt : 20250214 0001011438-25-000151.hdr.sgml : 20250214 20250214095444 ACCESSION NUMBER: 0001011438-25-000151 CONFORMED SUBMISSION TYPE: SCHEDULE 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20250214 DATE AS OF CHANGE: 20250214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Nikola Corp CENTRAL INDEX KEY: 0001731289 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 824151153 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-90485 FILM NUMBER: 25624207 BUSINESS ADDRESS: STREET 1: 4141 E BROADWAY ROAD CITY: PHOENIX STATE: AZ ZIP: 85040 BUSINESS PHONE: (480) 666-1038 MAIL ADDRESS: STREET 1: 4141 E BROADWAY ROAD CITY: PHOENIX STATE: AZ ZIP: 85040 FORMER COMPANY: FORMER CONFORMED NAME: VectoIQ Acquisition Corp. DATE OF NAME CHANGE: 20180213 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Antara Capital LP CENTRAL INDEX KEY: 0001750183 ORGANIZATION NAME: IRS NUMBER: 824823093 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SCHEDULE 13G BUSINESS ADDRESS: STREET 1: 55 HUDSON YARDS STREET 2: 47TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 646-762-8580 MAIL ADDRESS: STREET 1: 55 HUDSON YARDS STREET 2: 47TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10001 SCHEDULE 13G 1 primary_doc.xml SCHEDULE 13G 0001750183 XXXXXXXX LIVE Common Stock, $0.0001 par value per share 12/31/2024 0001731289 Nikola Corp 654110303 4141 East Broadway Road Phoenix AZ 85040 Rule 13d-1(b) Antara Capital LP b DE 0 10120824 0 10120824 10120824 N 8.83 IA PN Antara Capital GP LLC b DE 0 10120824 0 10120824 10120824 N 8.83 OO Gulati Himanshu b X1 0 10120824 0 10120824 10120824 N 8.83 IN Nikola Corp 4141 East Broadway Road, Phoenix, Arizona, 85040 This Schedule 13G is being filed by (i) Antara Capital LP ("Antara Capital"), (ii) Antara Capital GP LLC ("Antara GP"), and (iii) Himanshu Gulati ("Mr. Gulati", and together with Antara Capital and Antara GP, the "Reporting Persons"). The principal business address of each of the Reporting Persons is 55 Hudson Yards, 47th Floor, Suite C, New York, New York 10001. (i) Antara Capital is a Delaware limited partnership, (ii) Antara GP is a Delaware limited liability company, and (iii) Mr. Gulati is an individual and is a citizen of the United States. N IA HC As of December 31, 2024, Antara Capital Master Fund LP ("Antara Master Fund") directly holds 3,499,900 Common Stock, $0.0001 par value per share (the "Common Stock"), and options to purchase 6,117,800 Common Stock. Certain managed accounts for which Antara Capital serves as investment manager (the "Managed Accounts") directly hold 320,924 Common Stock, and options to purchase 182,200 Common Stock. Antara Capital is the investment manager of the Antara Master Fund and the Managed Accounts. Antara GP is the general partner of Antara Capital. Mr. Gulati is the sole member of Antara GP. Antara Capital, Antara GP, and Mr. Gulati may be deemed to beneficially own the securities of the Issuer held directly by Antara Master Fund and the Managed Accounts. As of December 31, 2024, the Reporting Persons in the aggregate beneficially own approximately 8.83% of the Common Stock, based on 84,467,751 Common Stock of the Issuer outstanding as of December 3, 2024, based on Prospectus filed pursuant to Rule 424(b)(3) with the Securities and Exchange Commission on December 17, 2024, and 30,215,497 Common Stock issued by the Issuer as a result of note conversion between December 16 and 31, 2024. 0 10,120,824 0 10,120,824 Y N The Common Stock beneficially owned by the Reporting Persons are directly held by Antara Master Fund and the Managed Accounts, for which Antara Capital serves as investment manager. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 99.1 Joint Filing Agreement, dated as of February 14, 2025, by and among Antara Capital LP, Antara Capital GP LLC, and Himanshu Gulati. Antara Capital LP /s/ Himanshu Gulati Himanshu Gulati / Managing Member of Antara Capital GP LLC, its general partner 02/14/2025 Antara Capital GP LLC /s/ Himanshu Gulati Himanshu Gulati / Managing Member 02/14/2025 Gulati Himanshu /s/ Himanshu Gulati Himanshu Gulati / Self 02/14/2025 EX-99.1 2 exhibit_99-1.htm

Exhibit 99.1
JOINT FILING AGREEMENT
Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder (the "Exchange Act") the undersigned hereby agree to the joint filing of Antara Capital LP, Antara Capital GP LLC, and Himanshu Gulati, on behalf of each of them of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with respect to securities of Nikola Corporation, and further agree to the filing, furnishing, and/or incorporation by reference of this Agreement as an exhibit thereto.  This Agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.  This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 14th day of February 2025.

ANTARA CAPITAL LP
Signature:
  
/s/ Himanshu Gulati
Name/Title:
  
Himanshu Gulati / Managing Member of Antara Capital GP LLC, its general partner
Date:
  
02/14/2025


ANTARA CAPITAL GP LLC
Signature:
  
/s/ Himanshu Gulati
Name/Title:
  
Himanshu Gulati / Managing Member
Date:
  
02/14/2025


HIMANSHU GULATI
Signature:
  
/s/ Himanshu Gulati
Name/Title:
  
Himanshu Gulati / Self
Date:
  
02/14/2025