{"id":36749,"date":"2023-04-26T08:32:14","date_gmt":"2023-04-26T12:32:14","guid":{"rendered":"https:\/\/allianceadvisors.com\/nikola-corporation\/"},"modified":"2025-02-27T15:37:25","modified_gmt":"2025-02-27T20:37:25","slug":"nikola-corporation","status":"publish","type":"post","link":"https:\/\/allianceadvisors.com\/ko\/nikola-corporation\/","title":{"rendered":"Case Study: Increase Authorized Shares. Retail Outreach, Proxy Solicitation"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row remove_bottom_col_margin=&rdquo;true&rdquo;][vc_column]<style>.vcex-heading.vcex_68e482e4e4aa7{color:#ffffff;background-color:#393939;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-px-30 wpex-py-30 wpex-text-center vcex_68e482e4e4aa7\"><span class=\"vcex-heading-inner wpex-inline-block\">Assignment and Challenges<\/span><\/h2>[\/vc_column][\/vc_row][vc_row css=&rdquo;.vc_custom_1682408560766{background-color: #eaeaea !important;}&rdquo;][vc_column][vc_column_text css=&rdquo;.vc_custom_1700596727277{padding-top: 30px !important;padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;}&rdquo;]Alliance Advisors was retained by Nikola Corporation to serve as <a href=\"https:\/\/allianceadvisors.com\/ko\/proxy-logistics\/\">proxy solicitation advisor<\/a> for their annual meeting. Alliance Advisors was tasked with securing the vote requirement for the increase in authorized common proposal, which required a majority of the outstanding shares.\n<p>Nikola has a highly diversified shareholder base, which includes hundreds of thousands of small retail\/ individual investors.<\/p>\n<p>The challenge was that many NON-US custodians do not allow their underlying holders to vote in U.S. meetings, which reduced the pool of eligible shares that voting support could come from.[\/vc_column_text][\/vc_column][\/vc_row][vc_row equal_height=&rdquo;yes&rdquo;][vc_column]<\/p><div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:25px;\"><\/div>[\/vc_column][\/vc_row][vc_row equal_height=&rdquo;yes&rdquo; remove_bottom_col_margin=&rdquo;true&rdquo; css=&rdquo;.vc_custom_1682414370373{margin-bottom: -15px !important;}&rdquo;][vc_column width=&rdquo;1\/2&Prime;]<style>.vcex-heading.vcex_68e482e4e5a64{color:#ffffff;background-color:#393939;}<\/style><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-px-30 wpex-py-30 wpex-text-center vcex_68e482e4e5a64\"><span class=\"vcex-heading-inner wpex-inline-block\">Solution<\/span><\/h2>[vc_column_text css=&rdquo;.vc_custom_1682409043179{padding-top: 30px !important;padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;background-color: #eaeaea !important;}&rdquo; el_class=&rdquo;equal-height-content&rdquo;]Alliance Advisors developed an outbound campaign strategy to the underlying retail investors to overcome voter apathy and secure voting support for the proposal.\n<p>Alliance Advisor&rsquo;s campaign strategy consisted of outbound phone calls, reminder mailings, text messages, and e-mail distributions to unvoted shareholders. Since there was a large number of shareholders in the lower share ranges, we utilized our technology and focused on a web and text- to-vote initiative for this tier of shareholders.[\/vc_column_text][\/vc_column][vc_column width=&rdquo;1\/2&Prime;]<style>.vcex-heading.vcex_68e482e4e6233{color:#ffffff;background-color:#393939;}<\/style><\/p><h2 class=\"vcex-heading vcex-heading-plain vcex-module wpex-heading wpex-text-2xl wpex-px-30 wpex-py-30 wpex-text-center vcex_68e482e4e6233\"><span class=\"vcex-heading-inner wpex-inline-block\">Results<\/span><\/h2>[vc_column_text css=&rdquo;.vc_custom_1682409049053{padding-top: 30px !important;padding-right: 30px !important;padding-bottom: 30px !important;padding-left: 30px !important;background-color: #eaeaea !important;}&rdquo; el_class=&rdquo;equal-height-content&rdquo;]Alliance Advisors was able to maximize the voting returns in the lower share ranges in a cost-effective and efficient manner.\n<p>Shareholder approval was delivered allowing Nikola to increase the number of authorized shares from 600 million to 800 million shares.[\/vc_column_text][\/vc_column][\/vc_row]\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Nikola Corporation<\/p>\n","protected":false},"author":9,"featured_media":36170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[225],"tags":[297,298],"post_series":[],"ppma_author":[459],"class_list":["post-36749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies-ko","tag-proxy-solicitation-ko","tag-retail-outreach-ko","entry","has-media"],"authors":[{"term_id":459,"user_id":9,"is_guest":0,"slug":"nthomas","display_name":"Nick Thomas","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/b13c51d67934aa5957c1ce7fa0b768b9bfe3a377d9d110466cd3131b1c32362a?s=96&d=mm&r=g","author_category":"","first_name":"Nick","last_name":"Thomas","user_url":"https:\/\/www.grid24.co.uk\/","job_title":"","description":""}],"_links":{"self":[{"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/posts\/36749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/comments?post=36749"}],"version-history":[{"count":4,"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/posts\/36749\/revisions"}],"predecessor-version":[{"id":42063,"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/posts\/36749\/revisions\/42063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/media\/36170"}],"wp:attachment":[{"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/media?parent=36749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/categories?post=36749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/tags?post=36749"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/post_series?post=36749"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/allianceadvisors.com\/ko\/wp-json\/wp\/v2\/ppma_author?post=36749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}