PHOENIX, March 24, 2025/ PRNewswire/– Nikola Corporation today revealed its objective to submit a Kind 25 Notice of Delisting with the Securities and Exchange Commission (the “SEC”) on or about April 3, 2025, which will eliminate its securities from listing and registration on Nasdaq. Nasdaq formerly suspended the trading of Nikola’s typical stock at the opening of company on February 26, 2025 and alerted Nikola that a Kind 25 would be submitted. Nevertheless, as Nasdaq has actually not yet made the filing, Nikola is doing so willingly to allow it to submit a Kind 15 to deregister with the SEC.
Nikola formerly revealed on February 19, 2025 that Nikola and specific of its domestic subsidiaries submitted voluntary petitions for relief under chapter 11 of Title 11 of the United States Code in the United States Personal Bankruptcy Court for the District of Delaware (the “Personal Bankruptcy Filing”).
Once the Nasdaq delisting on Type 25 ends up being reliable, Nikola means to submit a Kind 15 to deregister with the SEC.
About Nikola Corporation
Nikola Corporation is an integrated truck and energy business, consisting of battery-electric and hydrogen fuel cell electrical trucks and hydrogen refueling communities. Nikola head office is based in Phoenix, Arizona with a production center in Coolidge, Arizona
Positive Declarations
This news release includes positive declarations within the significance of the federal securities laws consisting of, however not restricted to, declarations about: Nikola’s intent to submit a Kind 25 and Type 15 with the SEC, and the anticipated timing thereof. Positive declarations include threats and unpredictabilities that might trigger real outcomes or efficiency to vary materially various from those revealed or suggested by these positive declarations. These threats and unpredictabilities consist of, however are not restricted to: threats included with the timing and result of the Personal bankruptcy Filing; the length of time that Nikola will run under Chapter 11 of the Personal bankruptcy Code and the ongoing accessibility of running capital throughout such pendency; the effect of the Personal bankruptcy Filing and anticipated filings of Type 25 and 15 on the trading rate and volatility of Nikola’s typical stock; the timing or quantity of any circulations, if any, to Nikola’s stakeholders; and the other elements gone over in Nikola’s reports, including its Quarterly Report on Type 10-Q for the quarter ended September 30, 2024, and subsequent reports submitted with the SEC. All positive declarations are based upon info readily available to Nikola since the date of this news release. Nikola carries out no responsibility or commitment to upgrade these positive declarations, whether as an outcome of brand-new info, future occasions or otherwise, other than as needed by law.
Media Contacts:
Media Inquiries:
press@nikolamotor.com
Business Communications for Nikola:
Gladstone Location Partners
Lauren Odell/ Michael Landau
Phone: 212-230-5930
Email: Nikola@gladstoneplace.com
View initial material: https://www.prnewswire.com/news-releases/nikola-corporation-announces-intent-to-voluntarily-delist-from-nasdaq–and-deregister-with-the-sec-302409853.html
SOURCE Nikola Corporation
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