VectoIQ Acquisition Corp. announced that it has completed the sale of an additional 3,000,000 units pursuant to the 45-day over-allotment option granted to the underwriters in its initial public offering at an offering price of $10.00 per unit, generating additional gross proceeds of $30,000,000.

The total aggregate issuance by the Company of 23,000,000 units at a price of $10.00 per unit resulted in total gross proceeds of $230,000,000

A total of $232,300,000, which includes the net proceeds from the exercise of the over-allotment option, net proceeds from the initial closing of the initial public offering and proceeds of the private placements conducted simultaneously with the initial closing of the initial public offering and the closing of the over-allotment option, has now been placed into a trust account for the benefit of the Company's public stockholders.