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Nikola’s bid to issue more shares and obtain enough funding needed for its Class 8 hydrogen fuel cell truck ambitions is on hold for another month, it said June 7.

PGT Trucking announced it had delivered its inaugural shipment of low-greenhouse-gas steel, produced by steel manufacturer Nucor, using a Nikola Class 8 zero-emission vehicle.

Nikola Corp. tumbled May 25 after Nasdaq Inc. notified the company that it isn’t in compliance with the minimum bid requirements to remain listed on the exchange.

Nikola Corp. is set to pause battery-electric truck production at its Coolidge, Ariz., facility by the end of May ahead of a pivot in its operations to hydrogen fuel cell vehicles, the company said.

Two Nikola semis are to take part in a commercial vehicle demonstration program in the Canadian province of Alberta, the truck manufacturer said April 25.

Nikola Corp. plans to raise $100 million from a secondary stock offering to the public at $1.12 per share, the company announced March 30.

If electric vehicle company Nikola can get its hydrogen fuel cell trucks and filling station network operable, the company could pull in hundreds of millions a year from federal incentives.

Nikola Corp. posted an earnings loss amid efforts to expand the business during the fourth quarter of 2022, the company reported Feb. 23.

Nikola Corp. is launching updated branding for its hydrogen production, distribution and sales efforts, sharpening its focus on a segment integral to a company footprint that also includes production of fuel cell electric trucks and development of electric vehicle technology.

Nikola Corp. announced it developed a heavy-duty, 700-bar hydrogen mobile fueler capable of direct fueling hydrogen fuel cell electric vehicles.