Troubled electric truckmaker Nikola offers up to $100 million in common stock

[Rebecca Bellan]

Nikola Corp., a producer of battery and hydrogen-electric trucks, has taken several steps to repay its debts and raise equity, including offering up to $100 million in a common stock sale. The beleaguered company is still dealing with the aftershocks of its founder, Trevor Milton, being convicted of fraud for making exaggerated claims about the […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Continue reading...