Electric carmakers seek out blank-check firms for funding as virus spooks private markets - Reuters

4:26am PDT - August 12th, 2020    nio stock - Reuters

Electric commercial truck maker Nikola Corp of Phoenix, Arizona, tried unsuccessfully to raise $1 billion in the private markets and only turned to a merger with a so-called blank-check company to go public as a way to raise the needed funds, its chief financ…