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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Understanding your role and how it fits within the broader bankruptcy landscape can make it easier to navigate the process.
Nikola (NKLA) filed for Chapter 11 bankruptcy, with $47 million in cash, limited operations through March, and plans for a ...
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