The collapse of the zero truck developer, Nikola Corporation, has reached its peak in a dissolution program, which includes a $ 83 million settlement with the US Securities and Stock Exchange.
Court cases on Friday described the agreement with federal regulators. SEC’s claim to “claim insecure” is about $ 43 million and $ 40 million.
The town is part of the broader program of Season 11 of the dissolution for Nicola and not its debtor, including Nicolas LLC and Nicolas Energy LLC.
SEC’s claim is one of several legal challenges with the company. Nicola has also been navigating in a classroom in Arizona, along with numerous derivative actions in Delaware and Arizona.
According to Friday’s cases, a separate settlement in these derivative measures provides the company with a net income of about $ 25.7 million. This is due to the payment of insurance and the participation of the individual defendants named in the cases.
Background
Nicola’s financial and corporate struggles in the years leading up to their bankruptcy highlight continuous instability. The manufacturer of electric and hydrogen trucks mentioned the financial stress and supply chain before bankruptcy formation.
On June 24, 2024, the company approved a 1-13 reverse shares. In February 2025, Nasdaq informed Nicola that its shares would be deleted.
Trading is suspended on February 26, 2025, and stocks are now traded in the pink market under the NKLAQ symbol. The company reported about $ 97.7 million in total budget debt and financing liabilities since its bankruptcy petition.
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