Electric truck maker Nikola is planning to sell its own shares at a 20% discount to their lowest ever price

• Nikola is planning to raise $100 million by selling its stock at a huge discount.
• The electric truck manufacturer said Thursday that it would sell shares at $1.12, or 20% below their lowest ever price.
• The company's stock price has cratered since short-seller Hindenburg Research released a report attacking it in September 2020.

Nikola is planning to raise an extra $100 million through a stock offering – by selling its shares at a big discount to their lowest ever market price.