Reported about 12 hours ago
Nikola Corporation has agreed to settle with the U.S. Securities and Exchange Commission for $83 million as part of its Chapter 11 liquidation plan. This settlement, which includes a $43 million unsecured claim and a $40 million junior claim, follows the company's bankruptcy filing due to financial struggles and legal challenges, including a class-action lawsuit and separate derivative actions, which could result in additional funds for its estates.
Source: YAHOO