December 3, 2021

Info IEC

Business & Finance Information

Nikola Set to Pay $125 Million to Settle SEC Investigation

WASHINGTON—Electrical-truck startup Nikola Corp. will doubtless pay $125 million to settle a regulatory investigation into allegedly deceptive statements made by its founder and former govt chairman.

Nikola disclosed the event Thursday in a securities submitting that claims the corporate plans to hunt reimbursement for the penalty from its founder, Trevor Milton, who was indicted on fraud prices in July.

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