SCHEDULE 13G/A: Antara Capital Discloses 2.68% Beneficial Ownership in Nikola Corp
Schedule 13G Filing
Antara Capital LP, along with its affiliates, has reported a 2.68% beneficial ownership stake in Nikola Corp's common stock as of March 31, 2025.
Summary
- Antara Capital LP, Antara Capital GP LLC, and Himanshu Gulati (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Nikola Corp.
- As of March 31, 2025, the Reporting Persons collectively beneficially own 3,171,820 shares of Nikola Corp's Common Stock.
- This ownership represents approximately 2.68% of the outstanding Common Stock.
- The percentage is calculated based on 84,467,751 shares outstanding as of December 3, 2024, plus an additional 33,906,126 shares issued from note conversions between December 16, 2024, and March 31, 2025.
- The shares are held by certain managed accounts for which Antara Capital serves as investment manager.
- The acquisition of these securities was stated to be in the ordinary course of business and not for the purpose of changing or influencing control of Nikola Corp.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership and does not contain information that would significantly alter the sentiment towards the company, other than confirming an institutional investor's stake.
Positives
- Antara Capital LP, an investment manager, holds a significant beneficial ownership of 3,171,820 shares, representing 2.68% of Nikola Corp's common stock, indicating an institutional investment in the company.
- The acquisition of shares by Antara Capital was stated to be in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, suggesting a passive investment strategy.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership stakes by institutional investors, which can offer insights into institutional confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 12/03/2024 | Date 84,467,751 Common Stock of Nikola Corp were outstanding. |
| 12/16/2024 | Start date for the period during which 33,906,126 Common Stock were issued due to note conversions. |
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership calculation date) and end date for the period of note conversions. |
| 05/15/2025 | Filing date of the Schedule 13G Amendment No. 1. |
Keywords
Nikola Corp, NKLA, Antara Capital, Himanshu Gulati, Schedule 13G, beneficial ownership, common stock, investment, SEC filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.