"Nikola's Stock Dips as Company Announces $325 Million Bond Deal"

Nikola Corp's stock slid 4% in premarket trade after the company announced plans to offer $325 million in senior convertible bonds. The initial sale of $125 million is expected to close on Monday, with net cash proceeds of about $124.5 million. The stock has fallen 9% year-to-date, while the S&P 500 has gained 13.8%.