Nikola shares plunge over rumored bankruptcy filing
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Nikola Corp shares dropped over 38% following a report suggesting the company is nearing bankruptcy. The Wall Street Journal reported that Nikola is working with advisors to explore debt restructuring options.
February 07, 2025 | 2:15 pm
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Nikola Corp's stock price fell by more than 38% due to rumors of an impending bankruptcy filing. The company is reportedly consulting with advisors to restructure its debt.
The report of Nikola potentially filing for bankruptcy is a significant negative development, leading to a sharp decline in its stock price. The involvement of advisors to explore debt restructuring indicates financial distress, which is critical for investors.
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