Bankrupt Nikola wants to sell its whole business by April
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Nikola, an electric trucking startup, is planning to sell its entire business by April, as revealed during its bankruptcy case hearing in Delaware.
February 20, 2025 | 8:15 pm
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Nikola is seeking to sell its entire business by April as part of its bankruptcy proceedings. This move indicates significant financial distress and could impact the stock negatively.
The announcement of Nikola's intention to sell its entire business as part of bankruptcy proceedings is a clear indicator of financial instability. This is likely to lead to negative sentiment among investors, potentially driving the stock price down in the short term.
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