Nicola files in chapter 11 Protection of bankruptcy

Detroit – Nikola Corp. – Once upon a time to protect the bankruptcy after collecting additional funds to provide additional funds to provide an automatic start – an automatic start – a automatic start-in-the-start or collect additional funds to conduct transactions.

Nicola said that the assets waiting for the court’s consent to the court, he planned to watch the auction and sales process. The company said that there are about $ 47 million to finance bankruptcy activities, carry out the sales process and exit chapter 11.

“As other companies in electric vehicles, we faced various market and macroeconomic factors affecting our ability to work,” Nicola CEO Girsky released. “Unfortunately, our best efforts have not sufficient to eliminate these important problems, and the Board has determined that Chapter 11 has represented the best way to the company and its stakeholders.”

The proposed proposal procedures will allow stakeholders to provide the proposals of the compulsory parties to the stakeholders and Nikola’s assets and Nikola’s debts and certain obligations.

The filing falls from the glory year round the year through the year of the phoenix. In 2020, Nicola was more assessed at the summit Ford Motor From $ 30 billion, inked a Multibillion Dollar Deal with General Engines and the back starter of Auto StarTUPPS was designed to go to the public through reverse combinations and special purpose purchase companies.

The collapse of the company has been played for years, its founder and former CEO and the former CEO and the chairman Trevor Milton, and took the participation of Trevor Milton. Rapidly speaking, was an energetic, dishonest executive wire was convicted of fraud and counterfeit of securities In 2022 to make incorrect investors wrong about Nicolas’s operations and zero emission technology.

Disputes originally announced by a short seller of the Hindenburg after taking a contract with GM by taking a Detroit car $ 2 billion stake in the beginning.

Nikola’s main products are all electrical and fuel cell electric and fuel cell electric semitug in 2022. In the third quarter of last year, the company produced only 600 vehicles. Many of these vehicles were withdrawn due to defects, the car manufacturer is worth ten million dollars.

Since the chairman of the Presidency in 2023 passes to the Director General, Girsky, Nicola to move forward, including the production of zero emission trucks, but the company’s capital decreased.

Nicola warned investors on the third quarter conference that the company only had enough money to support his work To the first quarter of 2025 But it is not edge. Nicola said that cash to end in the third quarter was $ 198 million.

In October, Girsky Nicolasi said, “It is active with several potential potential, which we do and we build,” he said.

An old bank analyst and GMS executor Girsk, took over the Nicolas community Space in June 2020. More home companies were a catalyst to go to the public through the spaces.

Similarly Nicola, most, if not all, could not live in accordance with their initial expectations. Many were the center of federal studies, scandals and executives.

Nicola shares were sold over $ 2 per share since the beginning of December. Last year, 1 to 30 counter-stock fragmentations, the value of the invocation Nikola was about $ 80 in June 2020.