Additional Information and Where to Find It

Nikola has filed a preliminary proxy statement on Schedule 14A, containing a form of proxy card, with the Securities and Exchange Commission (the “SEC”), in connection with its solicitation of proxies for Nikola’s 2024 Annual Meeting of Stockholders. The proxy statement is in preliminary form and Nikola intends to file a definitive proxy statement. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) FILED BY NIKOLA AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT ANY SOLICITATION.

Participants

Nikola, its directors, officers, and certain other employees are or may be deemed to be “participants” (each a “Participant” and collectively, the “Participants”) in the solicitation of proxies from Nikola’s stockholders in connection with a solicitation by Nikola.

Information about Nikola’s directors and executive officers, including compensation, is set forth in the sections entitled “Election of Directors—Director Nominees,” “Executive Compensation,” including “Executive Compensation—Compensation Discussion and Analysis,” and “Director Compensation,” of Nikola’s preliminary proxy statement for its 2024 Annual Meeting of Stockholders, filed with the SEC on April 12, 2024 (the “2024 Proxy Statement”), and will be included in Nikola’s definitive proxy statement, once available.

Information about the ownership of Nikola’s common stock by its directors and executive officers is set forth in the sections entitled “Security Ownership of Certain Beneficial Owners and Management” of the 2024 Proxy Statement. To the extent holdings by the directors and executive officers of Nikola securities reported in the 2024 Proxy Statement change, such changes will be reflected in Forms 3, 4 or 5 to be filed with the SEC, as well as the section entitled “Security Ownership of Certain Beneficial Owners and Management” of Nikola’s definitive proxy statement for its 2024 Annual Meeting of Stockholders, and other materials to be filed with the SEC.

All of these documents are or will be available free of charge at the SEC’s website at www.sec.gov and in the “Investor Relations—SEC Filings & Financials—SEC Filings” section of Nikola’s website at nikolamotor.com/sec-filings/.