Nikola Files Chapter 11
The long-troubled Nikola Corporation filed for Chapter 11 bankruptcy protection on Wednesday. News from company leaders had largely been quiet the past few months, leading some to believe such a move was coming. CEO Steve Girsky said Nikola had faced certain “market and macroeconomic” factors that impacted its ability to operate.
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Nikola (NKLA) announced that the Company and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code ...
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