Nicola files in chapter 11 Protection of bankruptcy
Check by clicking on foxbusiness.com.
Electric truck manufacturer Nikola Corp. Chapter 11 Failed to eliminate market and macroeconomic problems on Chapter 11.
“As other companies in the industrial industries, we faced various market and macroeconomic factors affecting our ability to work,” he said.
Girsk said that the company continues the cash to protect the cash to protect the cash to maintain the balance sheet, reducing capital cultivation, reducing the balance sheifier, and to eliminate the “significant difficulties” facing the company. He said that the company applied for protection from bankruptcy was “the best way forward” for his stakeholders.
| Ticker | Safety | Last | Change | Change% |
|---|---|---|---|---|
| Nkla | Nikola Corp. | 0.77 | +0.22 |
+ 41.44% |
Until Wednesday, Nicola is close to $ 47 million in cases to continue to sell and reorganize assets. The company is looking for a court approval to quickly sell assets to make sure that the assets are enough money to pay the costs during the bankruptcy process.
This is a developing story. Please check again for updates.
