The hydrogen-truck maker, which briefly sported a market value comparable to Ford, said it enters chapter 11 with about $47 million in cash.
Nikola Corp. will have $47 million in cash on hand to navigate Chapter 11 process. It hopes to wind down its Coolidge ...
Troubled electric vehicle maker Nikola, which is based in Arizona, has filed for Chapter 11 bankruptcy protection.
Once a rising star on Wall Street, the formerly hot startup became enmeshed in scandal and its founder convicted in 2022.
On Wednesday, the electric vehicle maker — which paid $125 million to settle claims it misled investors — said it is seeking ...
Nikola to keep up ‘limited operations’ and will pay its employees while it pursues an auction and sale process.
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