Hydrogen fuel company Nikola to land on NASDAQ with a market capitalization of about $3.3 billion

March 9 news, according tomedia reports, hydrogen fuel vehicle company Nikola will land on the NASDAQ, the market value is expected to be about 3.3 billion U.S. dollars. Nikola landed on NASDAQ by acquiring a publicly traded company called VectoIQ Acquisition Corp.

Hydrogen fuel company Nikola to land on NASDAQ with a market capitalization of about $3.3 billion

Media said the combined company would be named Nikola Corporation under the ticker tag line NKLA.

The deal also needs to be approved by the Securities and Exchange Commission. Nikola CHIEF EXECUTIVE TREVOR MILTON IS EXPECTED TO COMPLETE THE PROJECT WITHIN THE NEXT TWO MONTHS.

It’s also worth noting that the Nikola name is interesting, similar to Tesla’s. Tesla is named in honor of a physicist, Nikola Tesla.

Tesla is considered an important driver of the commercialization of electricity and is best known for its main design of modern AC power systems. Based on the theory of electromagnetic fields discovered by Michael Faraday, Tesla has revolutionized the field of electromagnetic fields. His many related patents and theoretical research in electromagnetism are the cornerstones of modern wireless communications and radio.