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Troubled electric truckmaker Nikola offers up to $100 million in common stock | TechCrunch

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Nikola filed a filing with the Securities and Exchange Commission Monday .

The truck maker is trying to strengthen its financial position, but in doing so will likely dilute existing shareholders.

The company is still dealing with the aftershocks of its founder, Trevor Milton , being convicted of fraud.

Milton is currently on bail while he appeals his conviction of a four-year prison sentence and must pay Nikola a penalty.