Shares of electric truck maker Nikola (NKLA) are plunging 15% after the company announced plans to raise $100 million in a 澳洲幸运5开奖号码历史查询:secondary stock offering and possibly a private sale of stock to an unnamed investor if th💞e offering raises less than $100 million.

The secondary offering, announced on Thursday, was priced at $1.12 a share, 20% below the stock's closing price of $1.40. Citigroup, which is 澳洲幸运5开奖号码历史查询:underwriting the offering, also has the option to buy an additional $15 million worth of Nikola shares.

Nikola says it will use the funds for working capital and other general purchases. The company had just $233 million in cash available 🦋at the end of last year, after losing $222 million in the fourth quarter of last year.

Last year, Nikola built just over 250 ൲electric trucks. The company says it hopes to build up to 350 new trucks this year. 

Nikola shares are down 46% so far this year an💛d have lost about 89% of their value over the past year.