Nikola Motor Company Two trucks
Source: Nikola Motor Company
Check out the companies that hit the headlines on Monday after the bell:
Maxar Technologies – The space technology company’s shares were down 4% after the company announced a $ 400 million common stock offering in an SEC filing. Maxar intends to use the proceeds from the offering to pay off debts and for general corporate purposes.
Nikola – The vehicle design firm’s shares fell 3% after the company announced a $ 100 million common stock offering in an SEC filing. Nikola plans to use the proceeds to invest in funding the company’s Arizona manufacturing facility and infrastructure development for hydrogen stations, as well as other general corporate purposes.
GameStop – The video game retailer’s shares rose 1% during off-hours trading. Trading in the stock ceased on Monday and the stock ended the day down 16%.