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Bankrupt Nikola wants to sell its whole business by April
Electric trucking startup Nikola is hoping to sell what remains of its whole business as early as April, lawyers for the company told a judge Thursday
Electric trucking startup Nikola is hoping to sell what remains of its whole business as early as April, lawyers for the company told a judge Thursday during the first hearing of its bankruptcy case in Delaware. The hearing was held just one day after Nikola filed for Chapter 11 bankruptcy protection and announced it would no longer operate as a standalone business, bringing an end to a company that has been plagued with drama after its founder Trevor Milton was convicted on multiple counts of securities fraud. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
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